Apartment Building Discussed for 9th and State

Image from Chicago Journal

Seems like we've been reading a lot about South Loop real estate lately.  Yesterday it was rennovations at Park Michigan (1212 S. Michigan), Saturday it was Roosevelt Collection and today it's a new apartment building at a vacant lot on State (9th and State).

In last weeks Chicago Journal, they had a post about a shiny glass building:

A developer planning a 39-story apartment tower in the South Loop at the intersection of 9th and State Streets presented its plans to a community group last week.  

Golub & Company, owner of the site that’s now a parking lot abutting the CTA Green and Orange line tracks, showed off the tower at a meeting of South Loop Neighbors. 

The building will have a four-story base that’ll stretch from 9th south to the existing Hilti parking garage. From the middle of that will spring the full 400-foot, 39-story tower.

While the building doesn't knock our socks off, we will label this as something is better than nothing.  And by nothing we mean an eye sore of a parking lot.  We would assume this means more retail space for South State street.  Which we're always in favor of.

The article doesn't give an indication of when this could come to market, but we imagine it's still got some hurdles to jump over.  Regardless, good to see investors continuing to show interest in the Sloop!