A permit was issued early last week for a two-story commercial development to be located at 801 Belmont Avenue in the Lake View neighborhood. This is a corner lot and has also been addressed as 3179 N Clark Street.
This week, YIMBY stopped by the rising core at 1000M, currently Chicago’s fourth tallest construction project. Located at 1000 S Michigan Avenue just across from Grant Park, this 788-foot-tall, 73-story residential tower is set to house a total of 738 rental units. The developer trio of JK Equities, Time Equities, and Oak Capitals had originally planned 506 condominiums, but ultimately pivoted due to the city’s booming apartment market. The skyscraper resumed construction following a nearly two-year hiatus and a $304.5 million loan from Goldman Sachs and Deutsche Bank.
Updated details have been revealed for Invest South/West winner Galleria 89 at 8840-8854 S Commercial Avenue in South Chicago. Located on the northwest corner with E 89th Street, the new project will replace a one-story commercial building with a new structure along with rehabbing an adjacent existing building. Led by developer 548 Capital and designed by the Rivetna Architects and Farr Associates, the concept was presented to the Committee on Design earlier this week.
Permits were issued early last week for a renovation project located at 550 West Randolph Street in West Loop Gate. The existing building is a warehouse and is located at the corner of W Randolph Street and N Clinton Street. The developer for this project has been listed as W.P. Carey and the project itself was designed by Gensler. We previously reported on the project in late 2020.
Crane assembly can be seen for the 30-story high rise planned at 1400 S Wabash Avenue in South Loop, replacing a long-empty vacant lot. As of now, permits have been issued for the foundation, tower crane, and the superstructure up to the fourth floor.