While this winter saw skyline-altering South Loop projects such as Rafael Viñoly’s One Grant Park and HPA’s Essex on the Park move forward, work on 1000M—architect Helmut Jahn’s 73-story residential tower—is reportedly at least one year away. The news comes from Robert Singer of developer Time Equities who recently told the Chicago Tribune that groundbreaking is anticipated to take place in 2018 with delivery targeted for 2021. New York-based Time Equities is co-developing the project with partner JK Equities.
Arguably the most high-profile South Loop project of the current crop of towers produced by downtown’s building boom, the 832-foot proposal for the parking lot at 1000 S. Michigan was first revealed as a bold and boxy supertall reaching 1001 feet skyward. The design was subsequently shortened (and smoothed) following input from neighbors and elected officials and the issuance of amended guidelines for the Historic Michigan Avenue District from Chicago’s Committee on Landmarks.
As skyscraper enthusiasts wait patiently for Jahn’s 1000M to dig in, they can take solace in the Tribune’s news that the 48-story residential tower down the street at 1326 S. Michigan will start construction in the “next few months.” Designed by Solomon Cordwell Buenz, the 500-unit rental project is rumored to be called “SoMi” tower. It comes from a development team comprised of Chicago-based Murphy Capital Management and CIM Group—the LA-based developer of Block37 and new owner of Tribune Tower.