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News & Press: Membership News

James McHugh Construction Co Breaks Ground on 1000M

Monday, November 4, 2019  
Posted by: Emily Steinmetz
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Time Equities, JK Equities, Oak Capitals and McHugh Construction Celebrate Groundbreaking of 1000M, Michigan Avenue’s Future Tallest Tower

CHICAGO, IL – Co-developers Time Equities, Inc. (TEI), JK Equities and Oak Capitals, hosted a groundbreaking ceremony and reception this past Thursday, October 24th, to celebrate the start of construction for 1000M, the ultra-luxury condominium building across from Grant Park in Chicago. Over 100 guests, including city and community officials, along with project partners and the design team, joined the co-developers in the celebration of this iconic tower on Michigan Avenue.

Mike Golden, Co-CEO of @properties, 1000M’s exclusive sales agency, welcomed esteemed guests to the celebratory event. Honored guest 4th Ward Alderman Sophia King joined Francis Greenburger, Chairman and CEO of Time Equities, Jerry Karlik, founder of JK Equities, and Eli Abubeker, principal of Oak Capitals, on stage to speak about the importance of this extraordinary addition to the South Loop. James McHugh Construction Co. will be the builder.

Before welcoming Alderman Sophia King to the podium, Francis Greenburger ended his address to the audience with the following: “I have been inspired since the beginning to create ‘true beauty’ in the form of an iconic structure that will take its place as a defining element of the Chicago skyline. Thank you all for believing in this vision and joining me for the ride.”

Designed by a Chicago-based team, luminary German architect Helmut Jahn with interiors by Kara Mann, 1000M is slated to be the tallest tower on Michigan Avenue and the tallest of Jahn’s portfolio in Chicago – making a lasting impression on the skyline. 1000M will also be the largest condo project, in terms of the total number of residences, launched in more than a decade.

During the ceremony, Francis Greenburger, thanked Goldman Sachs for agreeing to lead the financing for the project. Greenburger also confirmed that construction on the $470MM project will commence in December 2019. 1000M has sold 23% of its 421 luxury residences to date and has been one of the best-selling condominium developments in Chicago.

The 832-foot tower will feature 40,000 square feet of world-class amenities, including: a spa featuring hot and cold plunge pools, steam room, sauna and Himalayan salt therapy room; an outdoor pool and sundeck; fitness center; golf simulator; coworking space; a 72nd floor winter garden, observation deck and Club 1000 lounge with a residents-only bar; music conservatory; demonstration kitchen and private dining room; lobby with 24-hour staff and a porte cochere; and a concierge.

For more information, visit 1000southmichigan.com or call 312-781-7510. 1000M’s award-winning sales gallery is open by appointment and is located at 1006 S. Michigan Ave.


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