White Sox owner Jerry Reinsdorf is willing to contribute financially to the team’s stadium project. According to Crain’s Chicago Business, Reinsdorf is proposing to help finance a new stadium on “The 78”, a vacant 62-acre plot in the South Loop, just south of downtown Chicago.
Construction appears to have halted at 1630 S Wabash Avenue in the South Loop. Located just south of the intersection with E 16th Street, we covered the project in January as crews began foundation and piling work. The proposal is being led by CMK Companies with local architecture firm Pappageorge Haymes working on its design and Clark Construction on its execution.
Executives from the White Sox and Bears are advocating for public assistance to secure funding for new stadiums. The White Sox are pursuing state funding for a new stadium in the South Loop, while the Bears are exploring financing options for a new stadium south of Soldier Field on Chicago’s lakefront.
As pre-leasing continues, final touches are being made to the facade of 1000 S Michigan Avenue in the South Loop. This 74-story residential project, known as 1000M, stands at 805 feet and is located opposite Grant Park. The tower has been developed by Time Equities, JK Equities, and Oak Capital, with architectural design by Jahn/ and interior design by Kara Mann Design. There will be a total of 738 apartments, ranging from studios priced at $2,075 per month to four-bedroom penthouses starting at $14,470 per month.
Foundation work has begun for a new 12-story mixed-use building at 1730 S Wabash Avenue in South Loop. Replacing a former parking lot, the new project will yield 110 apartment units and an 80-car garage on the first and second floors. There will also be ground-floor commercial retail.
