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Under construction

500 N. Michigan Ave

Developer
Commonwealth Development Partners (GC Skender)
Units
320
Affordable units
64
Total project cost
$162M
Program
Private market
Public support
Private (ARO affordable)
Source
DPD map #8

Status

Under construction (work began ~May 2026; groundbreaking Jul 29, 2026); $113M financing

Sources

Data as of September 28, 2026. How we compile this data.