Real progress is being made at the 400 Lake Shore North Tower as it reaches double digits in Streeterville. Concrete for the 12th floor was poured last week; crews expect to be on or near a three-day cycle now that they’ve risen beyond the podium and three below-grade levels, and moved up to the residential floors. The tower will have 72 stories when complete.
Additional funding has been announced for the next phase of the Lathrop Homes redevelopment around 2712 N Hoyne Avenue. The money comes in the form of an enlarged TIF pool recently approved by the city, increasing the project’s TIF funds up to $60 million. This next phase will focus on the southern end of the former housing project.
A new hospital has been announced on the northern end of the upcoming Illinois Quantum and Microelectronics Park. Approved by the Chicago City Council last week, the 400-acre redevelopment of the former South Works site has now picked up another tenant as Advocate Health Care has pledged to spend $1 billion in the next decade across multiple projects.
The Chicago City Council has approved the massive Illinois Quantum and Microelectronics Park on the South Side. Set to replace the long-vacant 400-acre former South Works site, the project is already attracting new investments as IBM has announced a new research center within the campus. With the complex expected to break ground early next year.
Construction progress is ongoing at 1357 West Roosevelt Road on Chicago’s Near West Side. Yesterday, we checked in on progress one block east of here, at 1257 West Roosevelt. Both buildings are part of the Roosevelt Square development from Related Midwest and the Chicago Housing Authority. 1357 West Roosevelt Road was permitted for construction by the City of Chicago back in December 2022, and is not quite as far along in completion. The building is topped out, however, and most of its windows have been installed.
