Soil is being turned on a long-vacant lot in the South Loop, and it just might mean that construction is underway for 626 South Wabash. Melrose Ascension Capital and DAC Developments are co-developers here, and they got caisson and full building permits back in 2022, but this is the first action we’ve seen on the site since then.
A permit was issued by the City of Chicago on March 21 to allow Clark Construction to begin interior alterations to the CTA Station inside the Thompson Center in The Loop. Renovations are permitted for all three levels of the station, including the concourse, ground floor, and upper level. JAHN drew up the plans, as they did for the Thompson Center and its current overhaul for Google. The permit shows a reported construction cost estimate of $35 million.
A renovation permit issued by the City of Chicago on March 17 authorized the renovation of a residential building at 2920-22 West Palmer Street in the Palmer Square neighborhood. One Additional Dwelling Unit is also permitted for the building, which held seven residences before the update, bringing its new total to eight. Studio Oakley is the developer of the project. Real estate records show they purchased the building, built in 1928, late last year for $1.532 million; the permit shows a reported construction cost of $880,000 for the renovation and ADU.
Construction is underway at 1257 North Ashland Avenue in Wicker Park, where Noah Properties is replacing three former Mike’s Furniture buildings with a new residential development. They received a construction permit from the City of Chicago on February 7 with a reported build cost of $5.4 million. Buildmax is doing the general contracting work.
A renovation permit has been issued for the residential building at 2114 West Augusta Boulevard in Ukrainian Village, allowing for the construction of a new addition onto the rear of the existing three-story structure. Volo Holdings is the owner of the property, and their permit came through on March 24. Hanna Architects designed the new plans for them, which will also include rehabbing the 1908-built residence.
