Monday, June 8, 2020

Construction on 1000M Tower Halted Amid Covid-19 Concerns

In case you missed it last week, looks like one of the city and Sloop's biggest building sites has halted construction (via Chicago Tribune): 
Construction of a 74-story condo tower designed by Helmut Jahn has been halted, and the project’s developers say it was done to prevent the spread of COVID-19.
The 1000M skyscraper on South Michigan Avenue is the first prominent high-rise project to shut down during the coronavirus pandemic, which has dragged down the economy and led to widespread job losses in Chicago and throughout the country.
Construction is considered an essential industry by Gov. J.B. Pritzker, and other projects have continued despite stay-at-home orders that were issued in March.
Distancing, staggered work shifts, temperature checks and other measures have been implemented on job sites in an effort to protect workers from the coronavirus.
Industry observers have closely monitored the virus’ potential long-term impact on the more than decade-long development boom in Chicago, which leaves in question the fate of several megadevelopments in advanced planning stages.
The 1000M developers, Time Equities, JK Equities and Oak Capitals, on Thursday said construction work has been stopped since the first phase of foundation work was completed. It’s unclear when the work stopped, or when the $470 million project might resume.

This is interesting and we'll be curious to hear what happens next for this high-profile spot.

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