Thursday, December 5, 2013

Two Towers at 1333 and 1345 S. Wabash Will Be Condos?

Vacant lot on 1300 block of South Wabash
It looks like construction might be under way on CMK's two new residential building on the 1300 block of Wabash.  Upon walking by recently we noticed an orange permit and some form of machinery drilling on the south part of the lot.
Work at 1345 S. Wabash Begins

In other news a reader writes that zoning for the buildings have changes:
I just wanted to give you a heads up on a zoning change and a great shift to our south loop housing market. CMK is developing both 1333 and 1345 S Wabash. The smaller of the two buildings will be a 15 story with 144 condo's, with the second high-rise now becoming condo's instead of another rental building with a doorman and fitness center; 33 stories and 307 units. 
Prices will be coming soon, but a nice change in increased inventory of condo sales again for the south loop instead of more rentals. This is a sign of the housing market gaining momentum.
We're not real estate experts, so we're not going to speculate if this is good or bad.  However, from an aesthetic standpoint a building here will definitely be better than a overgrown empty lot.

(Hat tip:  MM & JM!)

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