Nearly two and a half years after its caisson permit was issued, 1221 West Washington in the West Loop has come roaring back to life with a full building permit issued on May 16th. Recipients of the permission granted are the development team of Focus Construction, DAC Developments, and Melrose Ascension Capital.
A tower crane permit was issued on April 23 for the residential development at 626 South Wabash Avenue in the South Loop. While that was coming through, general contractor Clark Construction and the crew from Thatcher Foundations were busy drilling and filling caissons for the 19-story tower permitted way back in 2022.
Glazing has neared the top on the exterior of a residential tower at 633 S LaSalle Street in the South Loop. Comprising 358 beds — a combination of apartments and co-living units — the 18-story tower is a joint effort from Q Investment Partners and Melrose Ascension Capital.
Vertical construction continues at 633 S LaSalle Street, a 17-story residential project in Printer’s Row, following the completion of construction financing by Singapore’s Q Investment Partners (QIP) and Chicago-based Melrose Ascension Capital (MAC). The project, which recently changed hands from PMG and The Collective, is a key venture for QIP as it enters the US real estate market.
An initial foundation permit has been issued for 1217 W Washington Boulevard in West Loop, where DAC Developments has planned for a new 19-story mixed-use tower. Located between two adjacent historic buildings, the site is currently a vacant lot that overlooks the intersection of W. Washington Blvd and N. Willard Ct. DAC Developments is collaborating with Melrose Ascension Capital on the project.
