Foundation work has commenced on a new five-story residential building at 438 W St. James Place in Lincoln Park. Developed by St. James Interest LLC, the project will house four condominium units, each with four bedrooms. Originally planned as a 10-story structure, the design was scaled back in response to community feedback and the limitations posed by the 33-foot-wide site.
A new 15-story hotel at 1016 W Lake Street, Fulton Market, has been approved by the Plan Commission. Cogswell Realty and Erol Stapleton bought the site for $6.6 million, and are planning 143 hotel rooms, which is an increase from the originally planned count of 130. The ground level will house a lobby and a small commercial space, with the second and third levels designated for amenities. A 3,400 square-foot sky-lounge with an outdoor deck is planned for the top floor.
Details have been revealed for a mixed-use development at 801 S Western Avenue in Tri-Taylor. Located on the southeast corner with W Polk Street, the new structure would replace an existing surface parking lot near the Illinois Medical District. The proposal is being led by 4Corners LLC and designed by local architecture firm Kennedy Mann.
Pre-leasing has begun for the residential tower at 1000 S Michigan in the South Loop with new renderings revealed. Located along the famed streetwall across the street from Grant Park, 1000M came in second place on our 2023 year-end countdown as work is quickly wrapping up. The project is being led by developers Time Equities, Inc., JK Equities, and Oak Capital, with Jahn/ Architecture working on the design.
Scheduled to open for initial move-ins on February 1, the 6 Corners Lofts project at 4714 W Irving Park Road in Portage Park marks a significant redevelopment of the former Sears store. Managed by Novak Construction, this $90 million project features 50,000 square feet of retail space, with Target as the primary tenant, above which are 206 apartment units.
