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47-story S. Michigan Avenue apartment tower lands full $119M building permit

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The glassy high-rise will deliver 500 new apartments to Chicago’s rebounding South Loop

SCB
SCB

After officially starting foundation work back in April of this year, a glassy apartment tower headed to 1326 S. Michigan Avenue has been cleared to rise to its full height of 47 stories. Expected to deliver 500 rental units, 7,500 square feet of ground floor retail, and a relatively modest 188-car garage, the South Loop project was just granted a full construction permit estimated at over $119 million.

The tower was approved by the City of Chicago in early 2016 and is being developed as a joint venture between Murphy Development Group and Los Angeles-based CIM Group—the same firm behind Chicago’s Block 37 apartment tower, a planned residential development at North and Clark, and the upcoming redevelopment of Tribune Tower.

Replacing a surface parking lot fronting Michigan between 13th and 14th streets, the high-rise is designed by Chicago architecture firm Solomon Cordwell Buenz (SCB) and includes amenities such as a dog park, rooftop pool, and co-working/lounge spaces for residents. According to the website of general contractor Walsh Construction, the development is slated to open in mid-2019.

Though early rumors suggested that the S. Michigan Avenue tower could be branded as ‘SoMi,’ any official references to a name beyond the project’s address have yet to surface. While on the topic of names, the 26-story apartment building rising at nearby 1136 S. Wabash was recently christened Eleven40. Also designed by SCB, the CA Ventures/Keith Giles project is expected to deliver its 320 units by spring of 2018.