I'm imagining this image panned out with Lincoln Yards and Michael Reese.

^ protip: if you add an h to the part before .jpg in imgur, it will be autoresized to a reasonably-sized width.


Also, thanks for sharing this!

So a negligible haircut on the height from 832'/76 floors down to 805'/73 floors, but a big increase on the unit count.

It will be interesting to see where this goes, and how big the impact to the overall design might be.

Thanks for posting! :tup:

Smaller, cheaper apartments I'm guessing? That would make sense.

Good news though :cheers:

Nice to see some movement on this one. The slight height reduction sucks but I'm not mad about more units.

was prepared for a height cut based on everything you guys have been saying, super nice to know that it'll only be 30 feet. Will be a massive beast nonetheless

Yeah, I was expecting a much more drastic height reduction, comparable to Waterview/OneEleven's ~40% cut. At 1000M's location, even a 700-footer would have a major impact on the skyline, let alone 803 ft.

I wonder if the units will now be a mix of condos and apartments.

Is the proposed height 803 feet or the 805 feet listed on the Akerman letter?

The 803' figure was a typo on my part. My bad.

Will be very interesting to see what happens to the design here, and also what the mix is as far as rental units/condos.

This developer made some very odd and unfortunate choices with respect to that mix - also potentially with size/pricing - from the start. I believe there was a formula that would have worked (including with some minority condo component if desired) and resulted in a completed building by now.

Here's to hoping they've finally figured it out (maybe they've hired some good consultants to work out their market strategy?) this time!

Yeah I think they assumed what works for them in Manhattan would work in the South Loop. :haha:

^ Yeah - seriously, could be. I mean, I was certainly left with the impression at least that they didn't do all their homework.

So should we have faith in the restructuring of the condo to rental ratio or is this basically a last second Hail Mary?

With the rental component people can just sign leases and move in while brokers focus on selling the condo component. The money would be flowing for the rentals, making the entire project less of a risk.

Slight modifications
https://chicagoyimby.com/2021/02/rev...kyscraper.html

Revised Plans Filed For South Loop’s Stalled 1000M Skyscraper

https://chicagoyimby.com/wp-content/...elevations.png

The proposal was submitted by Time Equities, who has co-planned the project alongside JK Equities and Oak Capitals. The application requested an amendment to allow for 738 units, an increase from the initially planned 421 condominiums. Current zoning, according to The Real Deal, would only allow for a maximum of 506 units. It is unclear what types of units will occupy the new version of the tower, although a Chicago Tribune article from December 2020 suggests a potential shift to apartments. Despite the unit count increase, the height of the new structure would reduce slightly from 832 feet and 76 floors to 802 feet and 73 floors. Additionally, the tower’s total floor area would now stretch 903,455 square feet. The incorporated renovation of an adjacent 102-foot-tall office building would remain as is.

https://chicagoyimby.com/wp-content/...2666216688.png

https://chicagoyimby.com/wp-content/...-1536x1466.png

Link: https://chicagoyimby.com/2021/02/rev...kyscraper.html

what an awesome plan. can't wait to check out that roof deck one day!!!

Amendment for Zoning change.

https://chicago.legistar.com/View.as...E-D2F6A4CF9C3C

Excited this has come back to life.

Aside from Regis, this will have the biggest impact on the skyline (even more than OneChicago). I will fill the gap between the NEMA cluster and Essex very well when viewed from Alder (which is of course a super popular viewing point).