It’s been four years since 1000M, a 74-story luxury condo tower located on Chicago’s South Michigan Avenue, was first announced. But after a recent ceremonial groundbreaking ceremony, the project is finally close to starting construction, according to the project’s developers Time Equities, JK Equities, and Oak Capitals.
The 832-foot-tall, Helmut Jahn-designed building welcomes residents and visitors via a two-story Michigan Avenue lobby that includes a social lounge and art installations. A sun deck on level 11 includes space for outdoor yoga, an aquamarine pool, a fire pit, and a garden. Also on level 11 is the library lounge, which holds a curated collection of classic Chicago literature surrounded by panoramic views from the adjacent terrace.
A sky terrace located more than 800 feet above Michigan Avenue and equipped with telescopes offers views of Grant Park, Lake Michigan, and the surrounding city. Other amenities include the 1000M spa that features a meditation room, plunge pools, a steam room, a beauty bar, and a hydration station; a private dining room on level 72; and a 24/7 fitness room with programmed fitness classes, personal training, and advanced equipment.
See Also: London’s new ‘Can of Ham’ office building completes construction
Located on floors three through 19 are the Avenue Residences, which offer views of the park, the lakefront, and the Cultural Mile. Floor 20 features the Terrace Residences, which were designed for a seamless integration of interior and exterior space. Each Terrace Residence has two terraces, one located off the master bedroom and one of the living room. Dubbed the International Collection, floors 41 through 47 are being reserved for micro units that range from 325 sf to 850 sf. The idea was to create highly efficient condominium plans similar to those found in luxury towers throughout Europe, Asia, and Canada.
Floors 22 through 40 and 48 through 69 are the Sky Residences, These units offer the best views of Grant Park, Lake Michigan, and the Chicago skyline. The Sky Residence views are only surpassed by those of the four 5,491-sf penthouses located on floors 70 and 71.
Currently, the plan is for construction to begin soon with a completion date of some time in 2022.
Related Stories
MFPRO+ New Projects | Oct 30, 2024
BIG’s One High Line finally reaches completion in New York City’s West Chelsea neighborhood
One High Line, a luxury residential project spanning a full city block in New York’s West Chelsea neighborhood, reached completion this summer following years of delays related to investor lawsuits.
MFPRO+ New Projects | Oct 30, 2024
Luxury waterfront tower in Brooklyn features East River and Manhattan skyline views
Leasing recently began for The Dupont, a 41-story luxury rental property along the Brooklyn, N.Y., waterfront. Located within the 22-acre Greenpoint Landing, where it overlooks the newly constructed Newtown Barge Park, the high-rise features East River and Manhattan skyline views along with 20,000 sf of indoor and outdoor communal space.
Multifamily Housing | Oct 28, 2024
A case for mid-rise: How multifamily housing can reshape our cities
Often referred to as “five-over-ones,” the mid-rise apartment type is typically comprised of five stories of apartments on top of a concrete “podium” of ground-floor retail. The main criticism of the “five-over-one” is that they are often too predictable.
Adaptive Reuse | Oct 22, 2024
Adaptive reuse project transforms 1840s-era mill building into rental housing
A recently opened multifamily property in Lawrence, Mass., is an adaptive reuse of an 1840s-era mill building. Stone Mill Lofts is one of the first all-electric mixed-income multifamily properties in Massachusetts. The all-electric building meets ambitious modern energy codes and stringent National Park Service historic preservation guidelines.
MFPRO+ News | Oct 22, 2024
Project financing tempers robust demand for multifamily housing
AEC Giants with multifamily practices report that the sector has been struggling over the past year, despite the high demand for housing, especially affordable products.
Products and Materials | Oct 17, 2024
5 multifamily tech products for your next project
Multifamily housing and technological upgrades go hand-in-hand. From the rise in electric vehicle charging needs to the sophistication of smart home accessories, tech products are abound in the multifamily space.
Codes and Standards | Oct 16, 2024
North Carolina’s code policies likely worsened damage caused by Hurricane Helene
The North Carolina Legislature’s rejection of building code updates likely worsened the damage caused by Hurricane Helene, code experts say. Over the past 15 years, lawmakers rejected limits on construction on steep slopes, which might have reduced the number of homes destroyed by landslides.
MFPRO+ News | Oct 16, 2024
One-third of young adults say hurricanes like Helene and Milton will impact where they choose to live
Nearly one-third of U.S. residents between 18 and 34 years old say they are reconsidering where they want to move after seeing the damage wrought by Hurricane Helene, according to a Redfin report. About 15% of those over age 35 echoed their younger cohort’s sentiment.
Student Housing | Oct 9, 2024
University of Maryland begins work on $148 million graduate student housing development
The University of Maryland, in partnership with Campus Apartments and Mosaic Development Partners, has broken ground on a $148.75 million graduate student housing project on the university’s flagship College Park campus. The project will add 741 beds in 465 fully furnished apartments.
MFPRO+ News | Oct 9, 2024
San Francisco unveils guidelines to streamline office-to-residential conversions
The San Francisco Department of Building Inspection announced a series of new building code guidelines clarifying adaptive reuse code provisions and exceptions for converting office-to-residential buildings. Developed in response to the Commercial to Residential Adaptive Reuse program established in July 2023, the guidelines aim to increase the viability of converting underutilized office buildings into housing by reducing regulatory barriers in specific zoning districts downtown.