Continuing its rapid ascension, structural work is now past the 400-foot mark for 1000M, a 74-story residential skyscraper in South Loop. At 788 feet in height, the project is being developed by JK Equities, Time Equities, and Oak Capitals. Pivoting from the 506 condominium units originally planned, the residences will now comprise 738 rental apartments.
The superstructure has reached its full 350-foot height for 1400 S Wabash Avenue in South Loop, where CMK Companies is developing a 30-story apartment tower. Replacing a long-vacant former parking lot, the tower will help bolster the outer edge of South Loop’s skyline while adding 350 new residences to the area. There will also be a retail component with storefront along Wabash Avenue. The residential lobby, meanwhile, will be located around the corner along a new driveway extending off of 14th street.
A land purchase has been executed for the mixed-use development at 424 S Wabash Avenue in the South Loop. With a mid-block location between E Van Buren Street and E Congress Parkway, the future structure will replace a vacant lot most commonly used as a surface parking lot for the surrounding businesses. The team at DAC Developments, which is being led by Adam Rezko, is working with local firm Pappageorge Haymes on its design.
In second place in Chicago’s year-end countdown is 1000M, a 74-story residential skyscraper in South Loop. The 788-foot-tall tower is now rapidly ascending and beginning to leave its mark on the south end of the Chicago skyline. The joint project between JK Equities, Time Equities, and Oak Capitals promises to consist of a total of 738 rental units located at 1000 S Michigan Avenue.
In fourth place in Chicago YIMBY’s year-end countdown of tallest construction projects is The Reed, a 41-story residential high rise in South Loop. The 440-unit, 447-foot tower is being developed by Lendlease as the next installation in their Southbank masterplan. Situated under the address 234 W Polk Street, the project is the second tower to be built after The Cooper adjacently east, as well as two acres of parkland and a riverwalk running alongside the Chicago River’s south branch.
