These are the top 10 biggest real estate projects coming to Chicago

Chicago /
Apr.April 10, 2018 11:00 AM

Clockwise from left: Wolf Point Plaza, One Grant Park and Essex on the Park (Credit for shovel: Getty)

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)
RankAddressEstimated CostDeveloperArchitectContractorDescription
1313 West Wolf Point Plaza$350MHines InterestsPelli Clarke PelliWalsh Construction CompanyNew construction of a 60-story residential building with 698 units
21200 South Indiana Avenue$225MCrescent HeightsRafael ViñolyMcHugh ConstructionNew construction of a 76-story residential tower with 800 units, ground floor retail and 11 levels of parking
3808 South Michigan Avenue$160MOxford CapitalChicago’s Hartshorne Plunkard ArchitecturePower Construction56-story, 479 unit residential building, ground floor retail
41326 South Michigan Avenue$119.1MMurphy Development Group & CIM GroupSCBWalsh Construction CompanyNew construction of 47-story, 500-unit building
5363 East Wacker Drive$100MMagellan Development Group & Dalian Wanda GroupJeanne GangMcHugh ConstructionConstruction of 95-story mixed use building
6110 North Carpenter Street$95MSterling BayGenslerMcHugh Construction9-story office building with ground level retail; McDonalds headquarters
759 East 11th Street$75MS.B. Yen Management GroupLothan Van Hook DeStefanoLendlease30-story mixed use building with ground floor retail, 196-units
82345 North Lincoln Avenue$63.4MMcCaffery and Hines InterestsSkidmore, Owings & Merrill in collaboration with Antunovich AssociatesW.E. O'Neil Construction20-story mixed use building, 269 dwelling units
9243 East Ontario Street$57.7MTishman Realty CorporationValerio Dewalt Train AssociatesTishman Realty Corporation18-story 336 key hotel
10200 North Green Street$54.5MShapack PartnersMorris Adjmi ArchitectsPower Construction12-story hotel, 182 rooms
Source: The Real Deal analysis of City of Chicago new buildings permits issued between April1, 2017 and March 31, 2018.

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