In December, we toured the topped-out 16-story tower at 1345 South Wabash, aptly titled 1345Wabash, a soon-to-be-finished condo development by CMK and symbol of the momentum building for new South Loop construction. Late last week, we found out via Chicago Cityscape that a new permit has been issued for the boxy building's big, Brininstool + Lynch-designed brother. The 28-story tower will bring 307 units and 213 parking stalls to the hood at a cost of $53 million.
In addition to covering the foundation of the failed Glashaus project, this mismatched pair of projects advances CMK's ambitions in the area, which seem pretty far-reaching based on the company's $7.75M purchase of a surface lot at South Wells earlier last month.
CMK actually picked up the 1333 South Wabash lot first, and moved on the neighboring spot when it became available later. They were built in reverse order, so to speak, because the foundation was already laid for the failed project at 1345 South Wabash. Talk about a turnkey approach.