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+ News | Jul 15, 2024
More permits for ADUs than single-family homes issued in San Diego
Popularity of granny flats growing in California
Vertical Transportation | Jul 12, 2024
Elevator regulations responsible for some of ballooning multifamily costs
Codes and regulations for elevators in the United States are a key factor in inflating costs of multifamily development, argues a guest columnist in the New York Times.
MFPRO+ New Projects | Jul 2, 2024
Miami residential condo tower provides a deeded office unit for every buyer
A new Miami residential condo office tower sweetens the deal for buyers by providing an individual, deeded and furnished office with each condo unit purchased. One Twenty Brickell Residences, a 34-story, 240-unit tower, also offers more than 60,000 sf of exclusive residential amenities.
Student Housing | Jul 1, 2024
Two-tower luxury senior living community features wellness and biophilic elements
A new, two-building, 27-story senior living community in Tysons, Va., emphasizes wellness and biophilic design elements. The Mather, a luxury community for adults aged 62 and older, is situated on a small site surrounded by high-rises.
MFPRO+ New Projects | Jun 27, 2024
Chicago’s long-vacant Spire site will be home to a two-tower residential development
In downtown Chicago, the site of the planned Chicago Spire, at the confluence of Lake Michigan and the Chicago River, has sat vacant since construction ceased in the wake of the Great Recession. In the next few years, the site will be home to a new two-tower residential development, 400 Lake Shore.
MFPRO+ News | Jun 25, 2024
New York mayor releases multi-year plan to address affordable housing crisis
The plan seeks to create and preserve affordable housing. It will incentivize the inclusion of permanently affordable and rent stabilized housing in new, multi-family construction projects.
Student Housing | Jun 25, 2024
P3 student housing project with 176 units slated for Purdue University Fort Wayne
A public/private partnership will fund a four-story, 213,000 sf apartment complex on Purdue University Fort Wayne’s (PFW’s) North Campus in Fort Wayne, Indiana. The P3 entity was formed exclusively for this property.
Apartments | Jun 25, 2024
10 hardest places to find an apartment in 2024
The challenge of finding an available rental continues to increase for Americans nation-wide. On average, there are eight prospective tenants vying for the same vacant apartment.
MFPRO+ News | Jun 24, 2024
‘Yes in God’s Backyard’ movement could create more affordable housing
The so-called “Yes in God’s Backyard” (YIGBY) movement, where houses of worship convert their properties to housing, could help alleviate the serious housing crisis affecting many communities around the country.
Student Housing | Jun 20, 2024
How student housing developments are evolving to meet new expectations
The days of uninspired dorm rooms with little more than a bed and a communal bathroom down the hall are long gone. Students increasingly seek inclusive design, communities to enhance learning and living, and a focus on wellness that encompasses everything from meditation spaces to mental health resources.
