Demolition Permits Issued for 949 W Belden Avenue in Lincoln Park

A demolition permit was issued last week to remove a three-story, multi-unit building with a basement located at 949 W Belden Avenue in the Lincoln Park neighborhood. The permit’s owner has been listed as Bob Janis. No filings have been submitted to upgrade any of the zoning designations for this property and there is currently no information on any future constructions at the site.

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Podium Tops out for 1000M in South Loop

Superstructure work has now surpassed the top of the podium for 1000M, a 73-story residential apartment tower rising at 1000 S Michigan Avenue in South Loop. The 788-foot tower is currently the city’s second tallest active construction project, surpassed only by the 850-foot Salesforce Tower in River North. Developed in partnership between JK Equities, Time Equities, and Oak Capitals, plans have pivoted from 506 condominiums to 738 rentals after an initial construction hiatus. In late 2021 following this two-year pause, the developers received a $304.5 million loan from Goldman Sachs and Deutsche Bank for work to resume. The design by the late Helmut Jahn has shifted only slightly with a small height reduction.

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Yelp to Close Merchandise Mart Offices

In a blog post released on June 23rd, Yelp co-founder and CEO Jeremy Stoppelman announced that “the future of work is remote.” Along with their New York and Washington D.C. offices, the internet mainstay will also be shuttering its Chicago offices located at 222 W Merchandise Mart Plaza, within the Merchandise Mart. These changes come after the 2021 downsizing of its San Francisco headquarters.

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