Demolition work has now begun for the five-story Cassidy Tires building, located at 344 N Canal Street in Fulton River District. The masonry edifice will be replaced by a 33-story mixed-use tower, under development by The Habitat Company and Diversified Real Estate Capital LLC. Just north of the Metra tracks, the project will yield a total of 343 for-rent units atop ground-level retail.
Initial details have been revealed for a mixed-use development at 2419 N Lincoln Avenue in Lincoln Park. Located on the six-way intersection with N Halsted Street and W Fullerton Parkway, the new structure will replace a small privately-owned Julia Porter Park that was open to the public. The project comes from developer Mike Breheny who is working with local architects Studio Dwell on the masonry-clad building.
Onni Development Group‘s 33-story residential tower at 354 N Union Avenue has now surpassed roughly the 20-floor mark. Located in the Fulton River District, the development will contain 373 apartment dwellings, from 400-square-foot studios up to 1,600-square-foot penthouses.
This week, YIMBY stopped by the rising core at 1000M, currently Chicago’s fourth tallest construction project. Located at 1000 S Michigan Avenue just across from Grant Park, this 788-foot-tall, 73-story residential tower is set to house a total of 738 rental units. The developer trio of JK Equities, Time Equities, and Oak Capitals had originally planned 506 condominiums, but ultimately pivoted due to the city’s booming apartment market. The skyscraper resumed construction following a nearly two-year hiatus and a $304.5 million loan from Goldman Sachs and Deutsche Bank.
Updated details have been revealed for Invest South/West winner Galleria 89 at 8840-8854 S Commercial Avenue in South Chicago. Located on the northwest corner with E 89th Street, the new project will replace a one-story commercial building with a new structure along with rehabbing an adjacent existing building. Led by developer 548 Capital and designed by the Rivetna Architects and Farr Associates, the concept was presented to the Committee on Design earlier this week.
