One of the busiest residential developers in the South Loop has found another site for a big project, buying a parcel just a few blocks west of Soldier Field from Columbia College Chicago.
A venture led by CMK paid $6.5 million in late October for the property at 1415 S. Wabash Ave., according to Cook County property records. It's a neighborhood the Chicago developer knows well: The site is just a block south of a 144-unit condo tower CMK built at 1345 S. Wabash and a new 305-unit CMK apartment building at 1333 S. Wabash.
At 32,400 square feet, CMK's new property could accommodate a large building as well, though it's unclear what the developer plans. CMK President Colin Kihnke did not respond to a call or email.
Kihnke has shown a fondness for Wabash Avenue, but he's got even more going on several blocks northwest, on a riverside tract between Congress Parkway and Roosevelt Road. A CMK joint venture is building a 452-unit apartment tower at 726 S. Wells St. and plans a 340-unit condo-and-townhouse project nearby, the first buildings within Riverline, a residential development that could encompass more than 3,600 homes.
Should be interesting what transpires here. Seems like it would be a complete tear-down...obviously.
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