400 N Lake Shore Drive. Rendering by SOM

Potential Groundbreaking Date Announced For 400 N Lake Shore Drive In Streeterville

A potential groundbreaking date has been revealed for the residential towers at 400 N Lake Shore Drive in Streeterville. Located on the long vacant site of the failed Chicago Spire development, the two new towers would partially utilize the foundation hole left by the Spire and provide a cap to the Ogden Slip. Developer Related Midwest who is also behind The 78 near the South Loop is working with globally famous skyscraper firm Skidmore Owings & Merrill on the design, the firm responsible for a number of Chicago’s major skyscrapers.

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New Permits Issued for 2015 S Ruble Street in Lower West Side

A permit was issued this week for a three-story residential building located at 2015 S Ruble Street in the Lower West Side neighborhood. The permit owner is listed as Teh Chan and plans indicate the construction of three total dwelling units with rear porches, and a rooftop deck on the building. Three parking spots will be available on a paved concrete pad. The planned structure will fill an empty lot.

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Embry

Drilling Begins for West Loop’s Embry Development

Caisson drilling has begun for the 15-story condominium high rise known as Embry, located at 21 N May Street in West Loop. This residential project by Sulo Development will house a total of 58 for-sale units, ranging from two- to four-bedroom residences and spanning from 1,828 and 5,187 square feet. This 207-foot-tall edifice will replace an empty lot that once housed a two-story masonry building.

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Water Tower Place Changes Hands On Michigan Avenue

The famed Water Tower Place Mall at 835 N Michigan Avenue on the Magnificent Mile has been turned over to its lender. Located between E Chestnut Street and E Pearson Street just south of the John Hancock Tower, the retail location has occupied the full block site since the 1970’s. Most recently owned by New York-based Brookfield Properties who operate retail locations across the nation, the mall will now be in the hands of MetLife Investment Management which is a part of the insurance company.

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