ChicagoDowntown / Loop

Construction underway on new South Loop condos

by Joe Zekas on 4/23/14

A Komatsu hydraulic excavator, a team of surveyors and a supervisory crew from Lend Lease were on-site at 1345 S Wabash in the South Loop yesterday, preparing for the construction of a 15-story high-rise condo building.

1345 Wabash will be the first new high-rise condo built in Chicago in years, and it’s likely to come out of the ground quickly. There were foundation pilings for a previous development on the site. A representative of Lend Lease, the general contractor, reported that 58 additional pilings will be driven over a time span of about a week.

1345 Wabash is conveniently close to the CTA stops at Roosevelt Road, supermarkets (Trader Joe’s, Jewel and Mariano’s), a surprisingly dense cluster of bars and restaurants, and Grant Park.

The development team includes CMK and the architecture firm of Brininstool + Lynch.

Pre-construction prices start at $218,900 for 1-bedrooms and $289,900 for 2-bedroom, 2-bath homes. A sales center is open at 1620 S Michigan.

Note: 1345 Wabash is a YoChicago advertiser.

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