|28 Story high-rise planned for 1333 S. Wabash|
In December, we toured the topped-out 16-story tower at 1345 South Wabash, aptly titled 1345Wabash, a soon-to-be-finished condo development by CMK and symbol of the momentum building for new South Loop construction. Late last week, we found out via Chicago Cityscape that a new permit has been issued for the boxy building's big, Brininstool + Lynch-designed brother. The 28-story tower will bring 307 units and 213 parking stalls to the hood at a cost of $53 million.There are definitely some pros and cons to this news in our mind.
The con is that the building seems pretty blah from an architectural standpoint. Just another run of the mill condo building going up in the hood.
On the positive side, it will fill in an empty lot on South Wabash and presumably provide new options for additional retail. The 1300 S. Wabash block is arguably the best stretch of restaurants/bars in the neighborhood with Scout, Flo & Santos, Zapatista, Asian Outpost and Gioco holding down the fort. Hopefully this new retail space can attract some solid tenants that will continue to make this stretch desirable (and hopefully not a spa - think we're covered on that front).
Anyway, this isn't really a surprise as it was announced back in 2013 that this second tower would be built eventually. Hopefully you weren't one of the people who bought into the southern smaller building assuming you would have a kick-ass northern facing city view. If so, looks like you'll now have a nice view of someones unit.