Eco18 site in South Loop listed for $5.5M

Site of Eco18, 1818 S Wabash Ave, Chicago

Yesterday evening a tipster pointed me toward Jameson’s listing for a 53,635 square-foot vacant lot at the southwest corner of 18th Street and Wabash Avenue, at a price of $5.5 million.

Eco18It’s the site of Dynaprop Development’s failed Eco18 project, which was slated to be the first LEED Gold-certified condo tower in Chicago. Eco18’s green features were to include a geothermal energy system with pipes running 450 feet below ground, solar-powered hot water heaters, a 12,000 square-foot garden, energy efficient insulation and plumbing, and parking spaces designated for hybrid cars.

As of early 2008, the building was approximately 25 percent pre-sold, and Jameson was marketing one- and two-bedroom homes with 808 to 1,583 square feet from the $270s to the $650s.

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