Related Midwest announces plans to build 400 Lake Shore Drive
In the location where the Chicago Spire would have been built, now developer Related Midwest is planning on constructing two “sister towers.” Simply named for their address, 400 Lake Shore Drive, the luxury residential buildings reflect its setting are being imagined by the developer as a “gateway,” reflecting both where the Chicago River meets Lake Michigan and as an homage to the city’s founder, Jean-Baptiste Pointe DuSable. Related Midwest is also proposing to extend the Riverwalk and reimagine nearby DuSable Park in the development process.
According to Block Club Chicago, the two towers will consist of a total of 1,100 residential units, with apartments in one of the towers and “a mixture of apartments and condos, depending on what the market dictates, in the second.”
However, even if construction starts soon, it will likely take three years to build each tower, meaning “the earliest residents could begin moving in would be 2024.” Before construction can start, Related first needs to come to an agreement with the Chicago Plan Commission, after which point the proposal would then need to be approved by City Council.
Moceri + Roszak announces beginning of sales at Parkline Chicago
Listings in Parkline Chicago, a 26-story residential luxury tower developed by Moceri + Roszak, will be on the market as of March 18. The tower features 24 condo units and 190 apartments, with condominiums ready for delivery in spring 2021 and apartments opening later that year.
Condos range in size from 2,136 to 2,662 square feet, and “include three or four bedrooms with 3½ baths, a family room, living room, dining room and an outdoor terrace 9-feet by 24-feet or larger,” according to the company’s press release. They are expected to cost upwards of $1.5 million.