Apparently the rental market isn't slowing down for CMK - one of the most prolific developers in the Sloop (via Urbanize Chicago):
The zoning applications for new high-rise apartment towers just keep coming. This week, prolific Chicago developer CMK Companies filed paperwork for a 30-story, 299-unit tower at 1400 S. Wabash Avenue in the South Loop.
The project isn't the first residential tower planned for the vacant site. In 2016, the Chicago Plan Commission approved a proposal from American Landmark Properties to construct a 290-foot, 296-unit residential building at this location. The Lucien Lagrange-designed project never got off the ground and the land was sold last year to CMK for $5.9 million.
Based on elevation drawings attached to the zoning documents CMKs plan for 1400 S. Wabash is far more contemporary-looking than its predecessor. The Pappageorge Haymes-designed high-rise will feature a glass and aluminum window wall system on its residential floors and a four-story metal-screened parking podium with space for 110 cars at its base.
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