With site mobilization now in progress, 400 N Lake Shore Drive ranks as Chicago’s tallest construction project in 2023. This phase, while preliminary, marks the resumption of construction activities on a site that lay dormant after the abandonment of the previously planned 2,000-foot Chicago Spire. Now under development by Related Midwest, the Streeterville property is being transformed into two residential towers.
Taking the second place in our 2023 countdown is the residential tower at 1000 S Michigan in the South Loop. Years in the making, 1000M as it is known, was originally proposed as a much taller stepped box design which was refined and shortened prior to its groundbreaking. The project is being developed by Time Equities, Inc., JK Equities, and Oak Capital, with Jahn/ Architecture working on the design.
Since our last update this past September, the facade has been fully installed for a three-story, 74-foot-tall commercial building at 151 N Michigan Avenue in the New Eastside neighborhood. The project, developed by BJB Partners, is set to replace a former single-story restaurant, offering 15,000 square feet of new commercial space.
As the third tallest construction project in our year-end countdown, the 24-story 360 N Green Street in Fulton Market is undergoing final exterior and landscaping work. The 500,000-square-foot office building, developed by Sterling Bay, will feature office spaces, 5,400 square feet of retail space, and a range of tenant amenities. Floor plates will scale up to over 26,000 square feet, offering tenants access to private balconies between 249 and 523 square feet on each floor.
Initial caisson permits have been approved for the mixed-use development at 193 N Columbus Drive in Lakeshore East. Located just north of the Blue Cross Blue Shield tower and commonly known as Parcel O, the project is finally moving forward after a multi-year delay. Led by developer Parcel O LLC, as a stand-in for Magellan Development Group, the proposal is being designed by local firm bKL Architecture whose offices are right next door.
