Pre-leasing has begun for the residential tower at 1000 S Michigan in the South Loop with new renderings revealed. Located along the famed streetwall across the street from Grant Park, 1000M came in second place on our 2023 year-end countdown as work is quickly wrapping up. The project is being led by developers Time Equities, Inc., JK Equities, and Oak Capital, with Jahn/ Architecture working on the design.
Foundation permits were applied for the potential next phase of the Southbank development in the South Loop. Located at 648 S Wells Street, just south of the intersection with W Harrison Street, the new structure will come soon after the opening of The Reed nearby. The project is being led by developer Lendlease with architecture firm FitzGerald Associates working on its design.
The Chicago White Sox are reportedly in discussions with Mayor Brandon Johnson and developer Related Midwest over a potential new baseball stadium within ‘The 78’, a 62-acre mixed-use development project in South Loop. The long-underdeveloped plot has undergone multiple iterations in recent years for a sprawling new neighborhood with residential and office buildings, public spaces such as parks and promenades, and most recently the University of Illinois’ Discovery Partners Institute, with its construction expected to begin this year.
Foundation work has begun for a 12-story building at 1630 South Wabash Avenue in South Loop, with pilings now being installed. This mixed-use development by CMK Companies, replacing a vacant lot directly east of the CTA tracks, will feature 149 rental units above ground-floor retail. A permit for the foundation and partial superstructure was issued in late October, followed by the issuance of the full permit in early December.
Renovations have wrapped up for Canal Station, a six-story building located at 801 S Canal Street in the South Loop. Situated near the intersection of W Polk Street and Canal Street, close to the Old Post Office, the building is characterized by its orange-painted makeover and other interior/exterior updates. The property is managed by 601W Companies, and its leasing is handled by The Telos Group, with the architectural redesign being overseen by Solomon Cordwell Buenz.
