More development is approved and looks to be coming to the Sloop (via Block Club):
Three more high-rises are coming to Wabash Avenue.
The City Council signed off a $350 million project to build two towers connected by a two-story retail space at 525 S. Wabash Ave. One would have 777 apartments while another would be a 407-room hotel.
Alderpeople also gave the green light Tuesday for a $100 million project to build a 31-story tower with 299 residential units at a vacant lot at 1400 S. Wabash Ave.
The plan for 523 S. Wabash, just off Ida B. Wells Drive, will transform a parking structure into the hotel and apartments towers.
A grocer would move into the ground-level storefront and a restaurant would take the space above it. Designs also call for the expansion of an alleyway east of the structure to accommodate loading.
As a reminder, here is a rendering for the project at 525 S. Wabash:
And here is the rendering for the building at 1400 S. Wabash:
The building at 525 S. Wabash is scheduled to be completed by 2024 and the 1400 S. Wabash is supposed to be completed by 2023. Generally we're in favor of more density, but still questioning the demand post-Covid.
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