McHugh tops off $470M, 73-story Chicago apartment tower

Chicago-based builder McHugh Construction has topped off 1000M, a 73-story luxury apartment tower near the city’s Grant Park that faced delays brought on during the early months of the COVID-19 pandemic. The Chicago Tribune reported in 2020 that the project cost $470 million.

McHugh’s in-house concrete sub, McHugh Concrete, poured the final concrete floor of 1000M and completed the roof earlier this month, the company announced on Aug. 10 in a press release sent to Construction Dive. The milestone marks the completion of the project’s vertical phase, which McHugh Construction claims will be one of the city’s tallest apartment buildings when it opens in 2024.

Since pouring the tower’s mat slab foundation in January 2022, McHugh Concrete poured one concrete floor slab every three days, according to the release. To support the skyscraper’s height, caissons were drilled and socketed to bedrock approximately 87 feet below ground.

McHugh said that the structure contains 54,791 cubic yards of concrete, 10.6 million pounds of rebar and 812,761 pounds of post-tensioning, per the release.

1000M will offer 738 apartment units, ranging from studios to four-bedroom penthouses, and will feature more than 80,000 square feet of indoor and outdoor amenity spaces, including Chicago’s highest rooftop observation deck on the 73rd floor, per the release. McHugh claims it is on schedule to complete 1000M’s first units in 2024.

A long time coming

In 2020, the tower faced a significant hurdle as the project’s financier, Goldman Sachs, put the project on hold as the first effects of the COVID-19 pandemic spread around the country, the Tribune reported. At the time, buyers of the project’s luxury condo units were offered some of their deposits back, the newspaper said. 

The project resumed in December 2021, per Urbanize Chicago, and the developers chose to pivot to rental apartments instead of condos.

This is not McHugh’s only recent apartment complex in the Windy City —  in June, the company announced it completed Platform 4611, a nine-story mixed-use building in Chicago’s Uptown neighborhood.

Despite 1000M’s topping off, the outlook for urban mixed-use projects across the country has been mixed. Recently, Australian contractor and developer Lendlease paused construction on a $1.2 billion mixed-use tower in San Francisco. The company claimed that it was pausing the project to “de-risk” the investment. 

However, not all complexes are struggling. Bethesda, Maryland-based Clark Construction recently finished concrete work on the $643 million first phase of The Stacks, a large apartment project in Washington, D.C.’s, Buzzard Point neighborhood.

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