The Chicago City Council has approved the application for a Class L tax incentive for 208 S LaSalle Street in The Loop. Home to the Continental and Commercial National Bank Building, the site is located along S LaSalle Street, between W Adams Street and W Quincy Street. The Prime Group is the developer behind the application.
Construction has is nearing the 40-floor mark for 300 N Michigan Avenue, a 47-story mixed-use skyscraper located at the corner of Michigan & Wacker in The Loop. Co-developed by Sterling Bay and Magellan Development Group, the 523-foot-tall tower will provide a combination of retail, hotel, and apartment programming. The first three floors will comprise of the 25,000-square-foot retail portion, while a 280-room citizenM hotel will occupy floors six through 15. The majority of the tower will be occupied by the residential section, with 289 units spanning floors 17 through 45.
Work has officially broken ground at 410 S Wabash Avenue in The Loop, where developer LMC has planned a 25-story mixed-use tower. The project is set to yield 8,000 square feet of ground-level retail and 344 apartments on the upper floors. These units will be divided into 220 studios, 60 one-bedrooms, 61 two-bedrooms, and three three-bedrooms.
Facade restoration is making headway for the 24-story Old Republic Building, located at 307 N Michigan Avenue in The Loop. The 325-foot-tall Classic Revival office tower was designed by Vitzthum & Burns and opened in 1924 along the newly-widened Michigan Avenue.
The City of Chicago has selected Assemble Chicago as the winner of the C40 Reinventing Cities competition, planned for a city-owned site in The Loop. Located at 331 S Plymouth Court, the project site consists of a city-owned parking garage and a series of smaller parcels on the western edge of Pritzker Park. Bound by S Plymouth Court and W Van Buren Street, the rectangular parcel also has an alley running through that will be vacated.
