A groundbreaking ceremony has been held for the first phase of the Illinois Quantum and Microelectronics Park on the South Side. Replacing around half of the former South Works foundry, the fully realized campus will center around public-private partnerships, with California-based PsiQuantum serving as its anchor tenant.
Two months after its tower crane was extended for the third time, 400 Lake Shore got another boost in height, its fourth of what will be six jumps in total. Construction crews from LR Contracting, BOWA Construction, and Goebel Forming have also poured concrete for the 47th floor of the North Tower at 462 East North Water Street in Streeterville.
Funding has been partially raised for the upcoming Illinois Quantum and Microelectronics Park on the South Side. Announced just over a year ago, the massive park will be anchored by California-based PsiQuantum. The company has now raised $1 billion to help kick off construction of its Chicago facility, which is being developed by Related Midwest and CRG.
Six more sections were added to the 400 Lake Shore tower crane in Streeterville over the Memorial Day weekend, as the construction team of LR Contracting, BOWA Construction, and Goebel Forming continue their work on the rising apartment tower. Including the first crane jump in April, 12 new sections have now been added to the workhorse Liebherr 420 EC-H 16 rig.
The 400 Lake Shore North Tower continues its rise into the Chicago skyline, while panels of glass make progress of their own up all four façades of the building. As of the final week of April 2025, concrete had been poured up to level 19, and the fourth level of window wall was nearing completion.
