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.
The Chicago City Council has approved the rezoning for a residential building at 6334 W Irving Park Road in Portage Park. Located just east of the intersection with N Narragansett Avenue, the new project will replace an existing vacant parking lot once utilized by the adjacent Garden Terrace Banquets. Developer ERG Real Estate LLC has teamed up with local design firm Leader Architects on the masonry-clad structure.
Initial details have been revealed for the second phase of 43Green at 301 E 43rd Street in Bronzeville. Located on the corner with S Prairie Avenue adjacent to the CTA Green Line 43rd station, the new Landon Bone Baker Architects-designed building will replace a one-story commercial building presently on the site. The project comes to us from co-developers P3 Markets and The Habitat Company, the same team behind the nearby first phase that began site prep earlier this year.
First floor construction continues to take shape at 133 S Ashland Avenue, a four-story residential building rising near the southwest corner of West Loop. Permits issued in September 2020 have listed 133 Ashland Land LLC as the owner behind the development, with plans for 89 condominium units.