Ground broken for 500 Lake Shore Drive apartment tower

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.

PhotoShopped image of Peshtigo, 505 N Peshtigo Ct, in a dumpster

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