At 74 stories and 421 units, 1000M will be the largest condo tower built in Chicago since the Great Recession decimated the local real estate development industry.
"Developers plan to break ground next week on a delayed, Helmut Jahn-designed condominium tower that would be the tallest building in the iconic row of skyscrapers on Michigan Avenue across from Grant Park," report Blair Kamin and Ryan Ori.
"Called 1000M, a reference to its address in the 1000 block of South Michigan, the 832-foot, 74-story tower would have the largest number of units in any condo building launched in Chicago since the recession," according to the article.
According to the article, the city is riding a wave of post-recession high-rise development, with two other projects involving hotels and apartments that will eventually reach taller than 1000M. "Development has boomed in Chicago the past several years, particularly downtown, but there has been far more construction of rental apartments than for-sale condos," according to Kamin and Ori.
Renderings of the project are available in the source article.
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