Plans for a new residential development at 1225 South Indiana Avenue in the South Loop are moving forward, as the developer has applied for permits. Located at the intersection with East 13th Street, the project was initially pitched in 2022 to replace a large vacant lot near NEMA and behind One Museum Park.
Funding has been fully secured for the ongoing mixed-use development at 1010 South Wells Street in the South Loop. The upcoming tower is the first building of the long-planned Riverline development led by CMK Properties, with construction already having gone vertical in recent weeks. The team has now closed on a loan to complete the structure.
The first permit has been issued by the City of Chicago to begin construction on the Chicago Fire’s new stadium in the South Loop. Assigned to the address of 1331 South Wells Street, the permit allows for piles to be driven for the stadium. More specifically, piles for vertical penetration only, for the four-story soccer stadium’s foundations. The permit came through the Chicago Data Portal on Friday, March 20 with a reported cost of $5 million. It had been pending since October 24.
A month after planting the base in the midst of foundation work, 1010 South Wells now has an erected tower crane on hand ready to do the heavy lifting. The red stub for a Potain MD485B model was set in concrete on February 5 by general contractor Brandts Build and concrete partner Goebel forming, and through last week’s rain and wind, a crew from ALL Crane/Central Contractors Service got the crane completely assembled and operational.
As Chicago begins to peek its head out from the colder months, our data portal shows the effects, in the form of new construction permits to allow for tent setups. Lots of tent setups. And those aren’t usually of much interest to us as we monitor development in the city. But this one’s a bigger deal than most.
