The South Loop’s rental frenzy is showing no signs of slowing down as work continues on a pair of 15- and 10-story apartment buildings at the corner of Wabash Avenue and 14th Street. The taller structure, at 45-59 E. 14th Street, will offer 199 units while its shorter companion, at 1419 S. Wabash Avenue, will bring 62 units to the rapidly changing downtown neighborhood.
While foundation and demolition work began this spring, a full construction permit for the taller building was awarded earlier this week. Designed by Chicago architecture firm Pappageorge Haymes Partners, both structures will feature ground-floor retail space, indoor and outdoor amenities for residents, and a combined 95 parking spaces.
This is another development from CMK. They've been one of - if not the most - prominent developer in the neighborhood.
Some people like their sleek buildings. Some feel as if they will be frowned upon in a decade or two (we've heard the comparison to the Carl Sandburg Village in Old Town and how those buildings feel dated).
Regardless, this will bring more density and likely more patrons to Wabash and Michigan which should be good for the businesses in those areas (and the area in more broader terms).
Any thoughts?
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