CHICAGO (CBS) — The newest residential skyscraper in downtown Chicago officially opened Thursday.
The 1000M tower is located at 1000 S. Michigan Ave. in the South Loop, at the western edge of Grant Park.
The 73-story building has 738 residents – from studios to four-bedroom penthouses – and 80,000 square feet of amenities. Amenities include a 73rd floor observation deck that ranks as the city’s highest rooftop observation deck.
The basic rent for a unit is over €2,000.
Ground was broken on the project in 2019, but construction stalled during the height of the COVID-19 pandemic the following year — and financing from Goldman Sachs later fell through, according to the Architectural Record.
Construction resumed in 2022 after 18 months.
The luxurious building was the last creation of legendary architect Helmut Jahn, who died in a bicycle accident in May 2021 at the age of 81. Jahn was cycling in the western suburb of Campton Hills when he was struck by two vehicles.
Jahn is also known for the James R. Thompson Center at 100 W. Randolph St., which is currently being transformed from its original use as a state office building to an office center for Google.
In Chicago, Jahn also designed the 55 W. Monroe St. building, formerly the Xerox Center (1980), the glass-curtained 1 S. Wacker Dr. building (1982), the O’Hare Blue Line Terminal (1984), the Accenture Tower (formerly the Citigroup Center) rising above the Ogilvie Transportation Center at 500 W. Madison St. (1987), the 120 N. LaSalle St. building across from City Hall (1992), the high-rise condo tower at 600 N. Fairbanks Ct. in Streeterville (2007), and the glass-domed Joe and Rika Mansueto Library next to the University of Chicago’s Regenstein Library (2011).
The website for Jahn’s architectural studio notes that 1000M is helping complete a significant cluster of high-rises in the area of ​​Michigan Avenue and Roosevelt Road, along with NEMA, One Museum Park and One Museum Park West in the Central Station development. This is in addition to the “city meeting” on Michigan Avenue at Randolph Street to the north, Jahn’s company said.
Mayor Brandon Johnson, Ald. Lamar Robinson (4th) and Time Equities Chairman Francis Greenburger were invited to the ribbon cutting for the skyscraper on Thursday afternoon.
