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.
|Top new building construction permits issued in Chicago|
|(April 1, 2017 to March 31, 2018)|
|1||313 West Wolf Point Plaza||$350M||Hines Interests||Pelli Clarke Pelli||Walsh Construction Company||New construction of a 60-story residential building with 698 units|
|2||1200 South Indiana Avenue||$225M||Crescent Heights||Rafael Viñoly||McHugh Construction||New construction of a 76-story residential tower with 800 units, ground floor retail and 11 levels of parking|
|3||808 South Michigan Avenue||$160M||Oxford Capital||Chicago’s Hartshorne Plunkard Architecture||Power Construction||56-story, 479 unit residential building, ground floor retail|
|4||1326 South Michigan Avenue||$119.1M||Murphy Development Group & CIM Group||SCB||Walsh Construction Company||New construction of 47-story, 500-unit building|
|5||363 East Wacker Drive||$100M||Magellan Development Group & Dalian Wanda Group||Jeanne Gang||McHugh Construction||Construction of 95-story mixed use building|
|6||110 North Carpenter Street||$95M||Sterling Bay||Gensler||McHugh Construction||9-story office building with ground level retail; McDonalds headquarters|
|7||59 East 11th Street||$75M||S.B. Yen Management Group||Lothan Van Hook DeStefano||Lendlease||30-story mixed use building with ground floor retail, 196-units|
|8||2345 North Lincoln Avenue||$63.4M||McCaffery and Hines Interests||Skidmore, Owings & Merrill in collaboration with Antunovich Associates||W.E. O'Neil Construction||20-story mixed use building, 269 dwelling units|
|9||243 East Ontario Street||$57.7M||Tishman Realty Corporation||Valerio Dewalt Train Associates||Tishman Realty Corporation||18-story 336 key hotel|
|10||200 North Green Street||$54.5M||Shapack Partners||Morris Adjmi Architects||Power Construction||12-story hotel, 182 rooms|
|Source: The Real Deal analysis of City of Chicago new buildings permits issued between April1, 2017 and March 31, 2018.|