Oak Capitals

1000M Reaches Main Tower Portion in South Loop

7:45 am on October 19, 2022 By Jack Crawford

Now that the slanted cantilever section above the podium is complete, structural work has begun on the main tower component for the 73-story 1000M residential building at 1000 S Michigan Avenue in South Loop. The developer team of JK Equities, Time Equities, and Oak Capitals have planned for 738 rental units in this most recent building iteration. As Chicago’s second tallest active construction project (behind the 850-foot-tall Salesforce Tower), the skyscraper will stand 788 feet upon completion.

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1000M

Podium Tops out for 1000M in South Loop

7:45 am on July 5, 2022 By Jack Crawford

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.

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1000M Continues Ascent in South Loop

7:45 am on May 4, 2022 By Jack Crawford

As concrete and steel continue to rise, the podium is now taking shape for a planned 73-story residential tower known as 1000M, located at 1000 S Michigan Avenue in South Loop. At a revised height of 788 feet, the skyscraper is currently one of Chicago’s tallest active construction projects, helping to expand city’s skyline further south. After a 20-month stall, developer trio JK Equities, Time Equities, and Oak Capitals have updated their condominium plans to 738 rental units, ranging in size from studios up through three-bedrooms.

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Core Rises for 1000M Tower in South Loop

7:45 am on March 12, 2022 By Jack Crawford

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.

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