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.
The 400 Lake Shore development will offer both luxury and affordable living options at the waterfront site in the Streeterville neighborhood—the last undeveloped parcel where Lake Michigan meets the Chicago River.
The project’s first phase, which broke ground in mid-June, includes a 72-story, 858-foot tower on the north side of the site. The tower will provide 635 rental apartments, including studio, one-, two-, and three-bedroom units. One-fifth of the apartments, or 127 units, will be designated as affordable housing.
Building owner Related Midwest also will deliver DuSable Park, a 3.3-acre park east of Lake Shore Drive and accessible via Founder’s Way—a planned extension of the Chicago Riverwalk that will be completed as part of the project’s first phase. Including the park, 400 Lake Shore will provide 4.5 acres of publicly available space.
“After a robust community review process, this development will deliver infrastructure, traffic and public safety improvements, entirely funded by Related Midwest, in addition to the highly anticipated improvements to DuSable Park,” 42nd Ward Ald. Brendan Reilly said in a statement.
The towers’ waterfall profile features outdoor terraces along a series of setbacks. Set at an angle to each other, the towers will preserve residents’ sightlines. The two high-rises are designed by the Chicago office of Skidmore, Owings & Merrill (SOM) with David Childs, the architect behind One World Trade Center and Related’s 35 Hudson Yards in New York City.
“The tower’s tapered profile acknowledges the historical context and environmental conditions of its site, creating vital connections to cherished public spaces,” Childs said in the statement.
The design incorporates the site’s cofferdam, a relic of the Spire. The cofferdam will be filled by August 2024, with vertical construction of the concrete superstructure finished by October 2025. The first phase of 400 Lake Shore is scheduled for delivery in 2027.
On the Building Team:
Owner/developer: Related Midwest
Design architect: Skidmore, Owings & Merrill (SOM)
Architect of record: Stantec
Interior designer: MAWD
MEP engineer: Salas O’Brien
Structural engineer: SOM
General contractor: LR Contracting Company and BOWA Construction Group
Related Stories
| Apr 28, 2023
$1 billion mixed-use multifamily development will add 1,200 units to South Florida market
A giant $1 billion residential project, The District in Davie, will bring 1.6 million sf of new Class A residential apartments to the hot South Florida market. Located near Ft. Lauderdale and greater Miami, the development will include 36,000 sf of restaurants and retail space. The development will also provide 1.1 million sf of access controlled onsite parking with 2,650 parking spaces.
Luxury Residential | Mar 10, 2021
Luxury multifamily development opens at the front door of Charlotte’s South End neighborhood
Broadstone Queen City recently opened its doors to its first residents.
