A construction permit has been granted for a new residential development located at 2942 N Elston Avenue in the Avondale neighborhood. The development will comprise three-story, three-unit masonry apartment building complete with a basement. This new project will replace a two-story frame residence whose demolition permit is currently pending.
The parapet topping the new 1000M apartment tower has been installed, bringing the development to its pinnacle height of 805 feet. The completion of this capping structure now offers a final glimpse of the skyscraper’s design and its impact on the South Loop skyline. This 74-story development at 1000 S Michigan Avenue will house 738 total apartments, a pivot from the originally planned 506 condominiums. Time Equities, Inc., JK Equities, and Oak Capitals are operating as co-developers.
Financing has been initially approved for the United Yards development at 1515 W 47th Street in Back of the Yards. Centered around the intersection with S Ashland Avenue and bringing a mix of new construction and redevelopment, the project is part of the Invest South/West initiative and will be built in phases. Developers Celadon Partners and Blackwood Group worked with local architecture firm DesignBridge on the overall proposal.
A construction permit has been approved for a new residential development at 642 W Webster Avenue in Lincoln Park. The project will feature a four-story masonry condo development with three units and a basement. This new structure will replace a three-story brick residential structure. Grace Lee is the listed owner of this development.
A groundbreaking has been held for the new University of Chicago Cancer Center at 5654 S Drexel Avenue within the UChicago campus in Hyde Park. Bound by E 57th Street to the south and an existing parking garage to the west, the new building replaces one of the last vacant areas currently used as a parking lot. The university and UChicago Medicine are behind the proposal designed by local firm CannonDesign.
