Construction for 1326 S. Michigan in the South Loop is Full-Steam Ahead

Posted by Helaine Cohen on Wednesday, July 26th, 2017 at 9:59am.

A fancy new apartment tower at 1326 S. Michigan Avenue is full-steam ahead after it was just granted a full construction permit. As already noted by Curbed Chicago, the project was originally approved by the city of Chicago back in early 2016, and foundation work even started back in April. But with permits in place, construction is set to begin, and when finished, 1326 S. Michigan will include 500 new luxury apartments, 7,5000 square feet of ground level retail space, and parking for 188 vehicles. 

It’s estimated that 1326 S. Michigan will cost about $119 million to build, and for now, the plan is to have occupancy begin sometime in mid-2019. 

1326 S. Michigan Avenue is a collaboration between the Murphy Development Group and CIM Group, which is the same development company behind Marquee at Block 37 and the redevelopment of the famed Tribune Tower right in the heart of downtown Chicago. 

Photo: Solomon Cordwell Buenz

 

Helaine Cohen, Chicago Real Estate Broker

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