Clark Construction has erected their tower crane at 626 South Wabash in the South Loop, while construction of the new residential tower’s foundation continues. Progress is moving along quickly now, a stark contrast to the delay that saw the site sit idle after the caisson and full permits were issued back in 2022.
Major funding has been secured for the mixed-use development at 626 S Wabash Avenue in the South Loop. Located mid-block between E. Harrison Street and E. Balbo Drive, the project has undergone various design changes and recently broke ground. The development is being led by DAC Developments and Melrose Ascension.
A tower crane permit was issued on April 23 for the residential development at 626 South Wabash Avenue in the South Loop. While that was coming through, general contractor Clark Construction and the crew from Thatcher Foundations were busy drilling and filling caissons for the 19-story tower permitted way back in 2022.
A pair of tower crane permits have been added to the Chicago Data Portal this week. On Tuesday April 8, a permit showed up for 626 South Wabash Avenue in the South Loop, where activity got started late last month on a residential building from DAC Developments. One day later, on April 9, a permit appeared for Bally’s Casino, addressed to 705 West Chicago Avenue in River West.
Soil is being turned on a long-vacant lot in the South Loop, and it just might mean that construction is underway for 626 South Wabash. Melrose Ascension Capital and DAC Developments are co-developers here, and they got caisson and full building permits back in 2022, but this is the first action we’ve seen on the site since then.
