Chicago’s construction boom is about to bust

Chicago’s development party started to wind down at the end of the last decade. The new one may bring the hangover.

From Crains Chicago

After a building boom that has stretched the boundaries of downtown and put a record number of cranes in the air, new construction projects are forecast to fall 10 percent this year, according to New York-based research firm Dodge Data & Analytics. If that prediction is right, it would mark the third annual decrease in four years and the biggest single-year drop in construction starts since the Great Recession. (read more)

Where are the 34 high-rises under construction in Chicago?

From Chicago Curbed

Over the past several years, a wave of new construction has redefined Chicago’s famous skyline as well as brought tall and dense developments to a number of overwise low-rise neighborhoods. New luxury apartments continue to be the driving force behind the Windy City’s vertical growth spurt, but some condominium, office, hotel, and educational projects are also in the mix. (read more)

An Update on the Obama Center was Supposed to Break Ground in 2018

It’s been almost four years since Obama selected Jackson Park. Here’s where the $500 million project stands.

As a new year begins in Chicago, the upcoming Obama Presidential Center appears to be no closer to breaking ground on the city’s South Side. The Obama Foundation first announced its Jackson Park site nearly four years ago, but there is no firm timeline for when the controversial center will start construction—let alone open.

The Obama Presidential Center gained city approval in spring 2018. At the time, organizers said they hoped to break ground later that year and open sometime in 2021. Since then, the Obama Foundation has yet to release an updated timetable to the public. (read more)

A Meigs-style move now playing out on Madison

From Crains.com

Good-government activists long have pointed to Richard M. Daley’s midnight bulldozer raid that destroyed Meigs Field as a classic example of not serving the public interest.

Mayor Lori Lightfoot has pointed to another abuse: so-called aldermanic prerogative, in which local political concerns bigfoot citywide needs. Lightfoot has vowed to end the practice. (read more)

Construction begins on Helmut Jahn’s 74-story tower that will alter the skyline

From Curbed Chicago

Chicago’s current tally of 33 high-rise buildings under construction can add another large project to the mix as crews officially break ground on the 74-story, Helmut Jahn-designed skyscraper known as 1000M.

Although co-developers Time Equities, JK Equities, and Oak Capitals hosted a groundbreaking ceremony in October, work at 1000 S. Michigan Avenue didn’t start in earnest until the last weekend of November—after the project landed its first building permit. (read more)

O’Hare’s latest runway extension paves the way for $8.5B terminal revamp

From Curbed Chicago:

On Friday, Chicago Mayor Lori Lightfoot joined state, federal, and airline officials to break ground on an extension of one of O’Hare International Airport’s most heavily used runway. The $334 million project will add 3,000 feet to runway 9R/27L and improve passenger service by increasing O’Hare’s capacity to handle more frequent flights by larger, long-haul aircraft. (read more)

Chicago’s tallest office building in three decades is nearly done rising

From Curbed Chicago

Downtown’s upcoming Bank of America Tower is approaching its final height of 815 feet along the south branch of the Chicago River. To mark the milestone, its developers celebrated a ceremonial topping-off event earlier this week and shared a fresh batch of construction photos with Curbed Chicago.

While the 55-story concrete core will soon rise no higher, work continues at 110 N. Wacker as the structural steel catches up. The topping-off ceremony comes just over one year after crews poured 3,300 cubic yards of concrete to create the office tower’s massive base. (read more)

$2.1 billion Red and Blue Line Modernization construction commences: Largest project in CTA’s history

from Construction news

Walsh Construction and joint venture partner Fluor Corporation are starting the project with the construction of a bypass bridge to ease congestion on the 100-year-old rail line in Chicago’s densely populated Lakeview neighborhood, on the city’s northside.

Additional Phase One work will also include the reconstruction of nearly two miles of tracks and the replacement of four CTA stations. CTA trains will remain operational throughout the duration of the project. (read more)