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.
Facade work continues on this year’s 10th tallest development at 1400 S Wabash Avenue in the South Loop. The mixed-use building has topped out and its facade continues to rise at the intersection with E 14th Street. The rear of the structure abuts up to the CTA Green Line tracks, continuing to create an urban canyon for the train tracks. Chicago-based CMK Companies, who also developed the nearby Imprint tower, is leading the project and Pappageorge Haymes is responsible for the design.
Chicago’s 22nd tallest development in this year’s countdown is the 18-story 633 S LaSalle Street in Printers Row. Replacing a surface parking lot across the street from the rails of LaSalle Street station, the building will be located one block west from 2020’s 26th tallest entry, the Imprint apartment tower. Led by London-based developer The Collective, the co-living project was designed by local-firm Fitzgerald Associates along with Berkelhamer Architects and began excavation earlier this summer. As of now, the site is awaiting additional foundation work.