400 Lake Shore in Chicago

Related Midwest Breaks Ground on 635-Unit 400 Lake Shore in Chicago

by Channing Hamilton

CHICAGO — Related Midwest has broken ground on 400 Lake Shore, a two-tower waterfront development located in the Streeterville neighborhood of Chicago’s Near North Side. The first phase of 400 Lake Shore will comprise a 72-story tower featuring 635 units. Of the total unit count, 20 percent (127 units) will be designated as affordable housing. Apartments will come in studio, one-, two- and three-bedroom floor plans.

LR Contracting Co., Related Midwest’s in-house contracting company, will construct the first building alongside BOWA Construction. Skidmore, Owings & Merrill designed the project. MAWD provided interior design services. Stantec is the architect of record. 

Related Midwest will also lead the $10 million development of a 3.3-acre park and extension of the Chicago Riverwalk, in conjunction with the construction of the first tower. The park, which has been dubbed DuSable Park, will comprise a portion of the planned 4.5 acres of public space included in the 400 Lake Shore project. At full buildout, the development will feature a plaza with amenities, two-story podium and public art.

The Illinois Housing Development Authority (IHDA), Wells Fargo, Bank of America N.A., PNC and other financial institutions provided construction financing for the first tower and public improvements. The first phase of 400 Lake Shore is slated to deliver in 2027. A construction timeline for the second phase has not been disclosed.

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