Construction to resume at South Loop tower designed by Helmut Jahn Fueled by a new $304.5 million construction loan, the developers who shut down work in spring 2020 plan to begin again this month.
The developers who stopped construction on a 73-story South Michigan Avenue tower in the early months of the pandemic plan to restart this month, with a new $304.5 million construction loan in hand.
Construction began in late 2019 at the site of tower, known as 1000M and designed by the late Helmut Jahn. By June 2020, work at the site was shut down. The developers cited the pandemic at the time, although Crain’s reported that work at other towers was still going on.
This morning, developers Time Equities, JK Equities and Oak Capitals announced they’ll re-start construction and have closed on a $304.5 million construction loan from Goldman Sachs Bank USA and Deutsche Bank Wealth Management. The announcement says construction should be complete within 36 months.
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And here the air that I breathe isn't dead.
I definitely like the parapet/crown design of this iteration better than before..
Also, I know that the night rendering probably deliberately tones down the rest of the City's lighting, but it does remind me that Chicago is not very well illuminated at night.
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Don't be shy. Step into the light.
I definitely like the parapet/crown design of this iteration better than before..
Also, I know that the night rendering probably deliberately tones down the rest of the City's lighting, but it does remind me that Chicago is not very well illuminated at night.
Wish we had more lighting on our skyline like Dallas does. Really livens up the nighttime skyline. And there should be some digital billboards near downtown. Don't gotta go full Times Square, but it would definitely add to the experience.
And are these new renderings a change from the previous? Looks a bit taller and the design looks improved.
It does look like the crown is much improved over the the prior redesign, which is great to see. Perhaps they'll ensure this gets well-built since it might also be Jahn's crowning work?
The CTBUH is now showing 1000M as Under Construction and again showing the height as 805 feet from their previous listed height of 788 feet. This is a great addition for the South Loop and Chicago.
It's back on folks, money is the only thing that matters
Chicago's 20th 800-footer takes to the skies!
After so many years this is like a bonus coming back from the dead. Over 800 ft and
- although maybe not perfect - still a very modern design. Glad to see this finally rise!
So great to see this one come back from the brink. One less missing tooth in the S Mich Ave row. Lot of opportunity left for some signature towers on that end. I do pine for some aspects of the original design, maybe not the crown but remember those cantilevered floors, but, that'll do donkey, that'll do.
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