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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Willis Tower

Renovation of Industrious Offices in Willis Tower in the Loop

A permit was issued last week for the interior renovation of existing office space on the 44th floor of the Willis Tower, located at 233 S Wacker Drive in The Loop. This permit was issued to Industrious, and while not much has been revealed, there will be changes to the existing co-working space. No structural work will be performed and there will not be a change of use for business.

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