One thing seems to be leading to another again at 1000M, the 74-story residential skyscraper coming to Chicago’s South Loop. Work on the Helmut Jahn-designed condominium tower was stopped in early June.
At the time, 1000M’s public relations company stated it was because construction workers couldn’t maintain a proper social distance during the COVID-19 pandemic while working on the foundation. A month later, it was widely reported that banking giant Goldman Sachs turned off the money faucet for this $470 million project. The Chicago Tribune reported that the skyscraper was on hold “at least until September.”
There are about a half-dozen construction workers visible in the picture, and compared to the shut down picture we showed you in July, some dirt has been dug, some equipment has been moved, and there’s some new heavy equipment on site that wasn’t there before, including an excavator.
In the new picture, we count 26 rebar cages for the caissons. In the old picture, the number was closer to 20.
We’ve dropped a dime to 1000M, and will let you know when we get a response.