Yesterday marked the official groundbreaking for 500 North Lake Shore Drive, a 45-story, 500-unit luxury rental tower expected to be ready for occupancy in May of 2013.
According to a news release the Related Midwest project, designed by architects from Solomon Cordwell Buenz, will cost more than $160 million and create more than 750 union construction jobs.
The 500 Lake Shore Drive building will have a landscaped exterior roof terrace with a lap-length pool and “unrivalled amenities.”
The news release quotes 42nd Ward Alderman Brendan Reilly as having said this is “the first building in Chicago to feature year-round exterior greenery.”
Some of you may recall that a Ralph Johnson-designed 57-story condo tower called The Peshtigo was originally planned for the site.