Condo Sales Now Underway for Helmut Jahn-Designed Downtown Tower

6 February 2018

“The 74-story glassy tower at 1000 South Michigan Avenue will break ground later this year or in early 2019.

More than two years after plans first emerged for the new Helmut Jahn-designed tower for 1000 South Michigan Avenue, condo sales are finally underway. Dubbed 1000M, the glassy tower from developers Time Equities and JK Properties will eventually rise 74 stories over the southern end of Grant Park and feature 323 residences.

Chicago Tower 1000M joins the Chicago skyline
1000M and the Chicago Skyline

The tower’s pricey units have been listing since last October and the sales team is on pace to hitting its first quarter goal for 2018, according to sales director John Goldsworthy.

“We’re moving full swing ahead and taking appointments every day,” Goldsworthy says. “We’ve definitely pushed the price in the neighborhood.”

According to Goldsworthy, pricing for the tower starts around $570,000 for a 900-square-foot single-bedroom unit, up to $8.5 million for one of the upper-level penthouses. This translates to buyers paying just over $600 per square foot for lower-level condos and roughly $1,350 per square foot for a penthouse.”

 

Read the full story on Chicago Magazine’s website