Exterior construction has reached completion for the 15-story high rise at 609 W Randolph Street in West Loop Gate. This mixed-use development by Vista Property Group consists of the aforementioned tower and a four-story 19th century brick building directly to the east.
The Chicago City Council has approved the rezoning of an existing development at 6111 N Lincoln Avenue in West Ridge. Located on the intersection with N McCormick Boulevard, just west of the north branch of the Chicago River, the rezoning would allow for further development of the shopping plaza with residential units. Developer Newport Capital looks to combat the rise in vacancies of retail spaces by pivoting the 70-year-old plaza’s purpose.
A permit was issued early last week for a two-story commercial development to be located at 801 Belmont Avenue in the Lake View neighborhood. This is a corner lot and has also been addressed as 3179 N Clark Street.
This week, YIMBY stopped by the rising core at 1000M, currently Chicago’s fourth tallest construction project. Located at 1000 S Michigan Avenue just across from Grant Park, this 788-foot-tall, 73-story residential tower is set to house a total of 738 rental units. The developer trio of JK Equities, Time Equities, and Oak Capitals had originally planned 506 condominiums, but ultimately pivoted due to the city’s booming apartment market. The skyscraper resumed construction following a nearly two-year hiatus and a $304.5 million loan from Goldman Sachs and Deutsche Bank.
Updated details have been revealed for Invest South/West winner Galleria 89 at 8840-8854 S Commercial Avenue in South Chicago. Located on the northwest corner with E 89th Street, the new project will replace a one-story commercial building with a new structure along with rehabbing an adjacent existing building. Led by developer 548 Capital and designed by the Rivetna Architects and Farr Associates, the concept was presented to the Committee on Design earlier this week.
