Skidmore Owings & Merrill

Tower Crane Permit Issued for 400 N Lake Shore Drive As Financing Is Secured

Financing has been secured and the tower crane permit has now been issued for the first phase of 400 N Lake Shore Drive in Streeterville. The project was originally revealed in 2018 and has seen multiple revisions prior to now, with the new tower replacing the long-term vacant site and hole left behind by the Chicago Spire. The two-phase development is being led by Related Midwest with architecture-firm SOM working on its design.

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400 N Lake Shore Drive, by SOM

400 N Lake Shore Drive Earns Top Spot in 2023 Countdown

With site mobilization now in progress, 400 N Lake Shore Drive ranks as Chicago’s tallest construction project in 2023. This phase, while preliminary, marks the resumption of construction activities on a site that lay dormant after the abandonment of the previously planned 2,000-foot Chicago Spire. Now under development by Related Midwest, the Streeterville property is being transformed into two residential towers.

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Bio-Blocks™ Spiral Installation. Photo by Dave Burk

Carbon Neutral Bio-Block™ Installation Revealed for Chicago Architecture Biennial

For this year’s Chicago Architecture Biennial, architecture firm Skidmore, Owings & Merrill (SOM) introduced a concrete substitute made from algae, known as Bio-Blocks™. Integrated into a spiral wall for the demonstration, this material was developed in partnership with Prometheus Materials and offers a carbon-neutral construction alternative. The installation is located at The Mews in the Fulton Market District and is hosted by Shapack Partners, Focus, and Walton Street Capital. Biennial visitors can walk around the wall and observe its response to environmental factors like wind and moisture.

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400 N Lake Shore Drive. Rendering by SOM

Initial Financing Hearing Held For 400 N Lake Shore Drive In Streeterville

An initial public hearing was held for the potential financing of the first phase of the residential development at 400 N Lake Shore Drive in Streeterville. Held by the Illinois Housing Development Authority for the project under its formal address of 462 E North Water Street, the proposal looks to redevelop the long vacant site originally meant for the canceled Chicago Spire. Now developer Related Midwest appears to be resuming its work for their multi-phase plan designed by SOM.

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