A full building permit has been issued for a residential development at 1723 S. Michigan. Planned by Chicago-based CMK Companies, the project has progressed under the radar as it has not requested any zoning change or variances. Zoned DX-5, the extent of the project site isn’t fully clear but will sit across the street from CMK’s 1720 S. Michigan.
With Gensler reportedly behind the architecture, the permit reports a 13-story building is set to rise on the property. The development will have 149 apartment units with 98 parking spaces on the first three floors. Retail space and the residential lobby will occupy the front of the ground floor with parking behind.
With the full building permit issued, general contractor Brandts Build LLC has all of the permits in hand after receiving the foundation and partial superstructure permits in August. While the timeline for construction is unclear, the team has all of the necessary permits to work through completion. Demolition of the existing structure has reportedly begun.