Additional funding has been approved for two affordable housing projects as part of the city’s new bond program. This bond program was approved back in April, now the proposals at 1801 S Wabash Avenue and 4531 W Washington Boulevard will be the first to be financed by it. This first round of approvals will be contributing $20.5 million between the two.
Details have been revealed for the first structure set to rise within the upcoming Riverline development at 1010 S Wells Street in the South Loop. Located south of the River City Apartments, Riverline was once part of a larger development that included what is now Southbank north of W Polk Street.
The apartment building at 1723 South Michigan Avenue is going vertical in the South Loop. Thanks to the efforts of GC Brandts Build, with assistance from concrete contractor Goebel Forming, work on the future 12-story structure has reached the second level.
Renderings have been revealed for the 12-story residential building currently under construction at 1723 S Michigan Avenue in the South Loop. Images from design firm Gensler show a smooth glass finish, with north- and south-facing balconies on all residential floors. Colorful murals accent the north and south ends of the podium, while columns frame the Michigan-Avenue-facing first-floor retail spaces.
An official grand opening has been held for the residential tower at 1000 S Michigan in the South Loop known as 1000M. Sitting along the famed avenue and across the street from Grant Park, the tower replaced a vacant lot and cantilevers over its shorter neighbor. Efforts on the skyscraper were led by Time Equities, Inc., JK Equities, and Oak Capitals, who were all in attendance at the ceremony.
