86-Story Helmut Jahn-Designed Tower Proposed for the South Loop

Posted by Helaine Cohen on Tuesday, September 29th, 2015 at 3:46pm.

Rivaling some of the tallest towers in Chicago, a new tower is planned for the city’s South Loop.  Helmut Jahn is the architect designing the 86-story tower, planned to go in at 1000 S. Michigan Avenue.  When constructed, it will be one of the tallest towers in all of Chicago.

According to drawings, this tower will be 1030’ tall, making it either the fifth or sixth tallest tower in Chicago, depending on when the Wanda Vista, planned to be 93-stories tall, is completed.  The new proposed tower is expected to be 200-feet taller than a 76-story tower going in at 113 E. Roosevelt Road.  It is expected to consist of retail stores, plus around 500 residential units and nearly 600 parking spaces.

While complete details on the Jahn-designed tower have not been released yet, it is expected to hold condominiums and rentals.  The exact number of the 506 residential units that will be rentals versus condos, though, is not known yet either.  While a public presentation has not been set as of yet, a community meeting may be coming in the near future.

The South Loop area is booming right now when it comes to the debut of some major proposals.   Along with the Jahn-designed tower, there are also development plans for the Rafael Vinoly Towers.  This development is expected to feature apartments plus a new hotel, located right next door to McCormick Place.  It could include dual skyscrapers on the southern edge of Grant Park.  It is said that development will include a range of prices, floor plans and sizes.  In addition, SCB is planning to develop a 48-story apartment tower in the area.  This all-glass design is expected to include an additional 500 units, mostly one-bedrooms and studios that are luxurious yet affordable.  Retail space will also be situated on the ground floor of that building, along with a four-story parking garage.

Helaine Cohen, Chicago Real Estate Broker

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