South Loop Real Estate News

A pair of spectacular new office towers is being planned for the 300 block of South Wacker, just steps from the Willis Tower. As first reported by Crain’s, the ambitious new project is being spearheaded by local developer John Murphy, who’s planning to close on the parcels at 301 and 321 S. Wacker sometime before the end of the year. 

Although only in the planning stages at this point, the new towers would essentially replace a small park and plaza at 301 S. Wacker, and a surface parking lot at 321 S. Walker, which has seemingly occupied that space for as long as we can remember. 

The good news for developers is that zoning for the gleaming new towers is already in place, and as you can see from the rendering, much of the design work also appears to

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It’s been a little while since we’ve heard about Riverline—the mega South Loop mixed-use development in the works that will totally redefine the neighborhood as we know it. But late last week, new details emerged about the project that directly relate to when we might finally see work for this massive undertaking begin.

According to a release from CMK Companies and Lendlease, the partnering developers for the project, groundbreaking for Riverline is finally expected to happen around the middle of next month, with the first phase expected to include two residential towers, 60 new townhouses, and a 3.5 acre riverfront park. 

Designed by Perkins+Will, Riverline will encompass a 14-acre parcel that currently acts as the last major development

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Major development news came out of the South Loop earlier this week with a preliminary announcement being made to develop the last major unused spaced along the south branch of the Chicago River.

According to a report from the Chicago Tribune, Related Midwest has now completed the purchase of a 62-acre piece of property that sits just southwest of Clark Street and Roosevelt Road, putting into motion a massive, multi-billion joint venture with Luxumborg-based General Mediterranean Holding (GMC) that will no doubt re-shape the city’s skyline.

As noted by The Tribune, the new project will eventually bring thousands of new homes and millions of square feet of office and retail space to the area, which will no doubt compete heavily with the previously

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A new design for the stately new Helmut Jahn tower possibly coming to 1000 S. Michigan was released earlier in the week, which was first reported by Curbed Chicago. The tower, which is now being called 1000M, will stand 73 stories high when finished, but won’t be classified as a “supertall” building after its height was cut to 832 feet from 1001 feet in its initial design.

As noted in the Curbed report, the design changes likely came from guidelines outlined for the Historic Michigan Avenue District by the City of Chicago Landmarks Commission, as well as from input from a variety of different groups, including South Loop residents, the Alderman’s office, and Chicago’s Department of Planning and Development.

Being developed by New York-based JK Equities

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Not long ago, LG Construction + Development proposed plans for a 15-story, 90-unit apartment building that’s unlike many other high-end rental projects we’re used to seeing built out here in downtown Chicago. First of the all, the site for the new development, which is located in Printer's Row, is only a quarter-acre, meaning living spaces will also be a bit smaller than what you might expect.

Being called micro-apartments, units at this new Printer’s Row apartment building will only average around 350 square feet, but inside, only top-of-the-line finishes and features will be offered, providing those who live here an upscale, luxurious look and feel at a price that won’t break the bank.

The compact design of micro apartments is meant to attract young

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An impressive new proposal is making headlines, as a joint venture between CMK and Australian-based Lend Lease has been unveiled that would potentially bring 900 more housing units to the South Loop, just south of River City.

Already planned by the same developers are 2,700 homes just north of River City on a riverfront site that’s now being called “River South.” If both developments move forward, the entire South Loop landscape could be dramatically different by the time construction wraps up, and that’s a good thing for a downtown neighborhood that was arguably impacted the most by the recent housing crash that started back in ’09.

Complete details about the latest addition to CMK and Lend Lease’s plans are still sketchy, but what we do know is that

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Jaw dropping news from our friends at Crain’s Chicago today, as it appears a development group is looking to build FIVE towers with nearly 2,700 residential units just four blocks south of the Willis Tower.

What would be a joint venture between Chicago-based CMK and Australian construction company Lend Lease Group, the entire project would encompass the 7.3 acre riverside parcel between Harrison Street and the River City condominium complex at 800 S. Wells.

According to reports, the largest of the 5 buildings would be on the north end of the site, standing 47 stories high and housing 626 residential units. As of now, it hasn’t been determined whether the project will include rentals or for-sale housing, or perhaps a combination of both.

Although some

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