The Loop

Commission on Chicago Landmarks Approves Tax Incentive For Loop Hotel

7:30 am on April 11, 2022 By Ian Achong

The Commission on Chicago Landmarks has approved the final certification for tax incentives for the Chicago & North Western Railway Office Building at 226 W Jackson Boulevard in the heart of downtown The Loop. The historical building recently went through a full rehab converting it into a dual-flag Hilton hotel, located on the corner of Jackson Boulevard and S Franklin Street. The approval grants the project a Class L Property Tax Incentive which will provide it with tax breaks for the next 12 years.

City Council Approves Rezoning For A Commercial Development In The Loop

7:30 am on March 30, 2022 By Ian Achong

The Chicago City Council has approved the rezoning for a potential commercial development at 401 S Wacker Drive in The Loop. The wedge-shaped lot is bound by W Van Buren Street on the north, S Franklin Street to the east, and W Ida B. Wells Drive to the south with the Chicago River being just west of the site. The property is currently improved with a large cooling plant and adjacent parking lot owned by Centrio Energy, who began serving the Chicago area in 1995 under their previous name Enwave.

300 N Michigan Skyscraper Nears Completion in The Loop

7:45 am on March 21, 2022 By Jack Crawford

Final glass pieces are being installed for 300 N Michigan Avenue, a 47-story mixed-use skyscraper in The Loop. Co-developers Sterling Bay and Magellan have planned for a retail base, a 280-key citizenM hotel on the lower levels, and 289 rental apartment units on the upper floors.

Initial Plans Revealed For ComEd Redevelopment Of 333 S LaSalle Street In The Loop

7:30 am on January 5, 2022 By Ian Achong

ComEd has announced plans to redevelop the existing trading building at 333 S LaSalle Street in The Loop. Located on the corner with W Van Buren Street, the low-rise building is adjacent to the Board of Trade tower and for many years held the last open-outcry trading pits in Chicago. The purchase, which was finalized in November, marks the end of a long history for in-person trading that helped power the local economy, which now relies on virtual operations.

300 N Michigan Avenue Wraps Up Glass Installation as Countdown’s Eighth-Place Entry

7:45 am on December 24, 2021 By Jack Crawford

At eighth place in Chicago YIMBY’s year-end countdown is 300 N Michigan Avenue, a 47-story mixed-use skyscraper developed by Sterling Bay at the northeast corner of The Loop. Rising 523 feet to its pinnacle, this nearly complete tower will house retail within its podium, a hotel on floors six to 15, and apartments on the 17th through 46th floors. The hotel portion will be a 280-key CitizenM, while the residential portion, dubbed “Millie on Michigan” will yield a total of 289 rental units.

410 S Wabash Claims Title as Chicago’s 17th Tallest Construction Project

7:45 am on December 15, 2021 By Jack Crawford

In 17th place for Chicago YIMBY’s year-end countdown is 410 S Wabash Avenue, a 25-story tower that was recently cleared to rise in The Loop. This development by Lennar Multifamily Company (LMC) will stand 260 feet in height, and will yield a mix of 8,000 square feet of ground-level mercantile space and 344 rental units.

Facade Encloses Top of 300 N Michigan Skyscraper in The Loop

7:45 am on November 22, 2021 By Jack Crawford

Since YIMBY’s September update, glass has steadily enclosed most of the remaining floors at 300 N Michigan Avenue, a 47-story skyscraper that recently topped out in the northeast corner of The Loop. Developers Magellan Development Group and Sterling Bay have planned a mix of retail in the base, a 280-key CitizenM hotel on the sixth through 15th floors, and residential apartments on the 17th through 45th floors.

300 N Michigan Tops Out at 47 Stories in The Loop

7:45 am on September 17, 2021 By Jack Crawford

Last week, structural work reached the 510-foot-tall pinnacle of a new 47-story mixed-use skyscraper, located at 300 N Michigan Avenue in The Loop. The development is a joint-partnership between Sterling Bay and Magellan Development Group, whose plans entail a combination of retail in the base, a hotel on floors six through 15, and apartments on floors 17 through 45.

Caisson Work Begins for 25-Story Tower at 410 S Wabash Avenue in The Loop

7:45 am on September 2, 2021 By Jack Crawford

Site prep has made significant headway at the site of 410 S Wabash Avenue in The Loop. The planned 25-story tower, under development by LMC, will house a mix of 344 rental apartments and 8,000 square feet of retail. Prior to construction, the site was occupied by a vacant parking lot.

525 S Wabash Avenue. Rendering by BKV Group

Plan Commission Approves Mixed-Use Development at 525 S Wabash Avenue in The Loop

7:45 am on August 29, 2021 By Lukas Kugler

The Chicago Plan Commission has approved a mixed-use development located at 525 S Wabash Avenue in The Loop. The proposal is sited on a partial-block lot bound by E Congress Parkway, S Wabash Avenue, and E Harrison Street, and would replace an existing parking garage and parking lot. Eterra Plus LLC is in charge of the development.

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