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$8 Million Foundation Permit Starts Construction for 74-Story South Loop Condo Tower

Posted by Susan Dickman on Thursday, December 5th, 2019 at 9:39am.

1000M Tower

The 74-story tall South Loop condo building, more popularly called 1000M and designed by Helmut Jahn, has broken ground. Construction on the tower is expected to take 30 – 36 months. If all goes well, the South Loop tower would officially open mid-to-late 2022.

 

In comparison to other buildings in Chicago, the tower will be the 15th tallest building if completed today, towering 832 feet over Grant Park. However, due to the Vista Tower and One Chicago being in the works, it’ll be the 17th tallest building by the time it’s completed. 323 Units will be available, and some will come with a hefty price tag. A 5,500 square foot penthouse in 1000M has been listed for $8.1 million, which is a higher price tag than the neighborhoods past record of $3.2 million for a unit. The tower has a little pushback since it will affect Chicago’s skyline.

2,300 construction jobs will be created with 16 permanent jobs after completion.

 

Features

The building will have 40,000 square feet of astonishing amenities for residents to utilize. Residents can enjoy a pool deck, music conservatory, fitness center, salt therapy room, and a gorgeous sky terrace with a beautiful view of Lake Michigan and Grant Park. In terms of parking, 430 parking spaces will be made available.

 

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