Core construction has reached its full height for a 41-story, 440-unit tower known as “The Reed” at 234 W Polk Street in South Loop. Developed by Lendlease, the tower is the second residential building within Lendlease’s seven-acre Southbank master plan. This project has also added public amenities to the area including two acres of park land and a riverwalk running alongside the Chicago River’s south branch.
A new residential development at 1021 W Polk Street in Little Italy has reached its full three-story height. The construction process began last year after the pre-existing two-story brick building on the lot was demolished.
Reinforced concrete has reached the fourth floor for a new 18-story residential tower situated at at 1044 W Van Buren Street along the southern edge of West Loop. Replacing a formerly vacant lot, this new structure developed by Tandem will house a total 196 rental apartment units.
Superstructure work has now surpassed the top of the podium for 1000M, a 73-story residential apartment tower rising at 1000 S Michigan Avenue in South Loop. The 788-foot tower is currently the city’s second tallest active construction project, surpassed only by the 850-foot Salesforce Tower in River North. Developed in partnership between JK Equities, Time Equities, and Oak Capitals, plans have pivoted from 506 condominiums to 738 rentals after an initial construction hiatus. In late 2021 following this two-year pause, the developers received a $304.5 million loan from Goldman Sachs and Deutsche Bank for work to resume. The design by the late Helmut Jahn has shifted only slightly with a small height reduction.
City Council has approved a zoning change to make way for “CA-X”, an 11-story condominium building that was recently proposed for 1032 W Jackson Boulevard in West Loop. Belgravia Group is behind the plans, having…
