Construction begins on 47-story luxury tower in Chicago’s South Loop

The new 47-story luxury residential high-rise designed for Chicago’s South Loop has officially broken ground.

Designed by Solomon Cordwell Buenz and built by Walsh Construction, the new tower will comprise 500 luxury rental units and 188 parking spots. In addition to the residential aspect, the tower will also have 7,500 sf of retail space.

Amenities for the glass high-rise include a library, lounge, dog park, spa, and a rooftop pool. Co-working space and green spaces will also be included. Chicago-based Murphy Development group and Los Angeles-based CIM Group are developing the project.

The building, which is scheduled for a 2019 opening, will be constructed to LEED Certified standards.

Walsh Construction has already completed a 40-story tower in the city’s South Loop and is currently working on another 33-story apartment building.

Clark Group, Suffolk Construction, Summit Contracting Group, Whiting-Turner Contracting, and McShane Companies top the ranking of the nation's largest multifamily housing sector contractors and construction management (CM) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking factors revenue for all multifamily buildings work, including apartments, condominiums, student housing facilities, and senior living facilities.

Giants 400 | Oct 23, 2023

Top 75 Multifamily Engineering Firms for 2023

Kimley-Horn, WSP, Tetra Tech, Olsson, and Langan head the ranking of the nation's largest multifamily housing sector engineering and engineering/architecture (EA) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking factors revenue for all multifamily buildings work, including apartments, condominiums, student housing facilities, and senior living facilities.

Giants 400 | Oct 23, 2023

Top 190 Multifamily Architecture Firms for 2023

Humphreys and Partners, Gensler, Solomon Cordwell Buenz, Niles Bolton Associates, and AO top the ranking of the nation's largest multifamily housing sector architecture and architecture/engineering (AE) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking factors revenue for all multifamily buildings work, including apartments, condominiums, student housing facilities, and senior living facilities.

Senior Living Design | Oct 19, 2023

Senior living construction poised for steady recovery

Senior housing demand, as measured by the change in occupied units, continued to outpace new supply in the third quarter, according to NIC MAP Vision. It was the ninth consecutive quarter of growth with a net absorption gain. On the supply side, construction starts continued to be limited compared with pre-pandemic levels.

BDCnetwork MultifamilyPro+ multifamily news website

MFPRO+ News | Oct 6, 2023

Announcing MultifamilyPro+

BD+C has served the multifamily design and construction sector for more than 60 years, and now we're introducing a central hub within BDCnetwork.com for all things multifamily.

Win-Win Scenarios for Residents and Property Managers

Discover how proptech is opening open new paths to revenue for owners and property managers, while bringing desirable amenities and conveniences for renters. Check out my thoughts on profitable, resident-centric proptech.