The South Loop is one of the fastest growing neighborhoods in Chicago. Many developers find the neighborhood very appealing due to its proximity to the Loop and the lake front and it's easy access to public transportation.
Currently, over 10 large scale developments are either under construction, about to break ground or about to open in the South Loop. These developments include multiple apartment buildings on Clark, State, Wabash and Michigan Ave. In addition, the surrounding of McCormick place is witnessing major changes with a new hotel, basketball arena and apartment buildings.
Here are the 5 major developments that will change the South Loop neighborhood:
1. Riverline development
This 14 Acre land will be home to over 3,600 residential units including apartments, condos and townhomes. The $1.5 Billion project broke ground in September 2016 and is expected to start delivering phase 1 in 2018 while work will continue on next phases for a decade.
2. 113 E Roosevelt Street
The twin tower development will consist of two phases. Phase one will be a 76-story, 792-unit residential tower. Phase II will consist of 648 units. Additionally, a total of 125,000 Sq Ft of retail space will occupy the base of both towers.
3. Prairie Court | 1600- 1800 Block South Prairie
The new development that consists of 55 town-homes will reinforce the South Loop as a family neighborhood. The town-homes are currently under construction and are expected to deliver in Fall of 2017. Tell me more
4. 1200-1600 S Clark St
A massive riverfront site that consists of 62 acres of raw land. Chicago developer Related Midwest purchased the site and is planning a large, multi billion Dollar mixed use development. The new development will likely be home to thousands of residential units in addition to shopping, office and other commercial uses.
5. 1000 S Michigan Ave
A 73 Story- 832 Ft. tower designed by the renowned architect Helmut Jahn. The building will feature 506 up-scale units with 307 condominiums and the remainder serving as rental units. Once complete, this tower will be among the highest in Chicago and will add yet another signature tall building to the Chicago Skyline.
Pictures Courtesy of Architects/ developers of the various projects
Quick Links:NEW CONSTRUCTION HOMES PRE-CONSTRUCTION HOMES