Friday, September 25, 2015

86 Story Helmut Jahn Tower Unveiled for 1000 S. Michigan

What can we say - it's been quite the real estate week here in the Sloop.

It appears there is a race into the sky with a variety of ambitious proposals.  Earlier this week the Rafael Viñoly/Crescent Heights project at Michigan and Roosevelt was the talk of the town.  Fast forward to yesterday and an even taller building was proposed for 1000 S. Michigan (from Curbed Chicago) and is getting a ton of attention:
Not only is Helmut Jahn the architect behind a new tower planned for 1000 S. Michigan Avenue in the South Loop, but this new building is expected to stand at a whopping 86 stories — a height that would make this one of the tallest buildings in Chicago.  
According to Crain's and the drawings, the tower is expected to contain both rentals and condos, but the exact breakdown between these residences is not known. It's also unknown when this new 86-story tower proposal will be presented to the public, but a community meeting may not be too far off. With a flurry of new exciting proposals, the South Loop area is one to truly keep an eye on in the coming months.

Honestly, we're at a loss for words.

It's frankly amazing how quickly development/proposals are popping up.  While this seems exciting, there are a million of questions that are swirling in our heads.

The main one - how is there enough demand for this many new units?

Things are surely getting interesting and we are curious to see how it all plays out.  Stay tuned.

(Hat tip:  Deb, MKR, PS!)

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