Both landscaping and facade work are nearing completion for the 52-story 320 S Canal Street, aka BMO Tower, located near the southern end of West Loop Gate. This 727-foot-tall office tower has been co-developed by Riverside Investment & Development and Convexity Properties.
The Chicago City Council has approved the rezoning for a potential commercial development at 401 S Wacker Drive in The Loop. The wedge-shaped lot is bound by W Van Buren Street on the north, S Franklin Street to the east, and W Ida B. Wells Drive to the south with the Chicago River being just west of the site. The property is currently improved with a large cooling plant and adjacent parking lot owned by Centrio Energy, who began serving the Chicago area in 1995 under their previous name Enwave.
A demolition permit was issued yesterday for Chicago Mial Church, located at 4500 N Spaulding Avenue in the Albany Park neighborhood. The property is a two-story masonry building with a paved lot. The permit’s owners have been listed as the Chicago Milal Church.
Developer Sterling Bay has secured financing for its mixed-use development at 160 N Morgan Street in Fulton Market. Located just north of W Randolph Street and next to the CTA Morgan station, the tall tower replaces a now-demolished drive-thru bank that once held a Gucci pop-up shop. Earlier this year Sterling Bay forged a joint venture with Colorado-based real estate private equity firm Ascentris on the project with local firm bKL Architecture working on the modern design.
Initial foundation work can be seen for the newly kicked-off 801 W Belmont Avenue, a two-story commercial development in Lake View East. Planned by Hubbard Street Group, the 59,000-square-foot structure will replace a former masonry bank and surface parking lot, and will provide nearly 300 feet of new frontage along Belmont Avenue.
