South Loop Tower to Add Smaller Duplicate

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South Loop real estate continues to show speckles of signs of improvement with the latest proposed development.

You may have already heard about the property at 1333 S. Wabash, which is a 28-story building on the former Glashaus site. It’s not exactly a huge boost for the condo market because the building, owned by CMK Companies, will market it as a rental property. But they do see a possible condo transformation in the future.

The development was designed by architect Brininstool + Lynch and has undergone several changes from when it first came on the scene, which include alterations to the arrangement of balconies and parking and an increased number of units.

The most recent development on the property’s progress is the addition of a smaller duplicate building that will be adjoining 1333 S. Wabash. This new construction in Chicago will be a condominium as opposed to a rental like its sister property.

According to Curbed Chicago, the addition in the South Loop will be a smaller, 15-story version of the same building. The condominium will sit at 1345 S. Wabash and contain retail on the ground floor with two stories of parking on top of it. The remaining 13 stories will be units with balconies facing north.

The South Loop neighborhood was hit especially hard during the housing crash, and the growing new development gives hope for the community’s comeback as well as the general real estate conditions throughout Chicago.