A previously mysterious rendering of a South Loop residential tower has been confirmed today to be a new apartment development planned at 1000 South Clark Street. Don't pack your things just yet, as the developer still needs to secure funding for the shiny new building. However, Crain's is reporting that the developer, JDL Development, is super close to getting loans for the construction of South Loop's latest entry. At 29 stories, the tower isn't breaking any height records, but once completed, the building should have enough room for about 469 apartment units. An updated rendering also comes along with the news, which appears to show no design changes, only more detail. While River North is swimming in proposed apartment developments, this new large rental project may indicate a shifting trend towards new apartments in the South Loop area.
· South Loop to get big new apartment building [Crain's]
· Is This New Residential Building In The South Loop's Future? [Curbed Chicago]