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Workers are preparing to dig in on mega-development for the South Loop

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A construction permit for Riverline’s first tower has been issued

Not only is the Riverline mega-development for the South Loop moving forward, but all of the pieces appear to be in place for its groundbreaking ceremony and for the construction of the first tower for the 14 acre site. The official groundbreaking ceremony will take place in mid-September, but workers have been cleared by the city to go ahead and get started at any point now that a foundation permit has been issued. The permit is for the 27-story building at 720 S. Wells which will feature 452 residences and 246 parking spaces when it is completed. Ultimately, 3,600 total residences are being planned for the project, which was drawn out by Perkins+Will. In addition, the new project will see the creation of a new 3.5 acre riverfront park.

Developers CMK Companies and Lendlease will meet with Mayor Rahm Emanuel and Alderman Danny Solis at the site on September 12 for the official groundbreaking.