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These are the top 10 biggest real estate projects coming to Chicago
UPDATED, 5:00 p.m., April 30: The biggest construction permits granted by the city in the past year include plans for major, skyline-altering developments that have made headlines for their cost to build and sheer scale.
Residential projects ringing the edges of Downtown stand out on the list, but it also includes several hotel projects and one office building.
Hines and its construction firm, Walsh Construction, hold the top spot with a permit secured in February for a $350 million, 60-story, 698-unit residential project, 313 Wolf Point Plaza, right where the north, south and main branches of the Chicago River converge.
McHugh Construction, on behalf of developer Crescent Heights, secured a permit in July for the Rafael Viñoly-designed 1200 South Indiana Avenue (also called One Grant Park). The building, flanking the southern side of Grant Park, will rise to 76 stories and carries an estimated cost of $225 million. It is expected to be Chicago’s tallest building south of the Willis Tower upon its scheduled opening next year.
A few blocks north, Oxford Capital, along with its construction firm Power Construction, secured a permit in July for 808 South Michigan Avenue, which will be branded as Essex on the Park. It’s estimated to cost $160 million to build, and will rise to 56 stories with 479 high-end rental units.
See the rest of the list below. And keep an eye out for more signature rankings from The Real Deal.
Correction: An earlier version of this story listed the incorrect architect and contractor for 110 N. Carpenter Street.
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