With site mobilization now in progress, 400 N Lake Shore Drive ranks as Chicago’s tallest construction project in 2023. This phase, while preliminary, marks the resumption of construction activities on a site that lay dormant after the abandonment of the previously planned 2,000-foot Chicago Spire. Now under development by Related Midwest, the Streeterville property is being transformed into two residential towers.
Renovation permits have been issued for a project at 654 W Grace Street in Lakeview East. The project, submitted on August 5, was approved on December 26.
Taking the second place in our 2023 countdown is the residential tower at 1000 S Michigan in the South Loop. Years in the making, 1000M as it is known, was originally proposed as a much taller stepped box design which was refined and shortened prior to its groundbreaking. The project is being developed by Time Equities, Inc., JK Equities, and Oak Capital, with Jahn/ Architecture working on the design.
Since our last update this past September, the facade has been fully installed for a three-story, 74-foot-tall commercial building at 151 N Michigan Avenue in the New Eastside neighborhood. The project, developed by BJB Partners, is set to replace a former single-story restaurant, offering 15,000 square feet of new commercial space.
The City of Chicago has issued construction permits for a new development located at 2839 W Belmont Avenue in Avondale. The project, which is being developed by Wilmot Construction Inc, will be five stories tall when complete and has an estimated total budget of $4,900,000.
