As first reported by the Chicago Tribune, ground has officially been broken on Essex on the Park, a high-profile new apartment tower located at 808 S. Michigan Avenue in the South Loop. But as impressive as this new 479-unit tower looks, it’s not the only major project underway around this part of the neighborhood.
Construction for a 76-story apartment building at 1200 S. Indiana also began last month, which will also add an additional 792 ultra-luxury rentals to the expanding South Loop market. This particular development, which is being called One Grant Park, was designed by New York-based architect Rafael Vinoly and also include a second tower, which is already planned.
The Helmut Jahn-designed tower at 1000 S. Michigan is also in the works, which believe it or not, will actually be the tallest of the three, rising 832 feet from the ground once completed. And while 1000 S. Michigan isn’t even expected to break ground until 2018, One Grant Park and Essex on the Park are both scheduled to be completed somewhere around early 2019.
Another 48-story high-rise is also in the works for 1326 S. Michigan, just steps from the previously mentioned towers that have been dominating headlines since first revealed. This particular development includes 500 new rentals, as well as 240 parking spaces and 8,000 square feet of retail space. Ground breaking for 1326 S. Michigan is slated for something this spring, although an exact date is still relatively unknown.
By the time the condo building at 1000 S. Michigan is finished in 2021, it’s safe to say the South Loop skyline will look dramatically different thanks to the latest building boom that’s sweeping this part of Chicago.