Block 37 Tower Tops Out in the Loop
- Sep 25, 2015
CIM Group’s new apartment tower at 108 N. State St. topped out, marking a crucial milestone in the company’s Block Thirty Seven project development.
The 34-story, 690-unit residential tower—scheduled for completion in mid-2016—sits atop the northern end of the Block Thirty Seven retail center that is currently being redeveloped by CIM Group into a massive mixed-use destination.
“The tower will be a great addition to the Chicago skyline, and will contribute to the growing residential base in Chicago’s Loop,” 42nd Ward Alderman Brendan Reilly said. “I applaud CIM Group for this project, which will provide hundreds of new residents with a home in a great location, proximate to public transit, many of the city’s fine cultural attractions and the Chicago Lakefront.”
Located between Randolph and Washington streets in the Loop, the project takes its name from one of the original 58 blocks established in Chicago in 1830. Upon completion, the redeveloped block will also include roughly 400,000 square feet of retail and up to 450,000 square feet of office space as well as a 354-key hotel, as previously reported by Commercial Property Executive.
Since acquiring the 275,000-square-foot retail center on State Street, CIM Group added an 11-screen AMC Dine-In Theatre at the site, with a 22,000-square-foot casual dining hall opening mid-October.
Designed by Solomon Cordwell Buenz, the new tower will offer residents easy access to Chicago’s public transportation network, such as the Pedway and the CTA Red and Blue Lines.
Image courtesy of CIM Group