February 26, 2019
Draper and Kramer has started construction on 2111 S. Wabash Ave., a 24-story, 275-unit building in the McCormick Square area of the South Loop. Located less than a block from the CTA’s Cermak/McCormick Place Green Line station, the transit-oriented development will be five minutes from the Loop by train.
“With 2111 S. Wabash, we are helping advance the city’s vision for McCormick Square as a dynamic mixed-use area, boasting a blend of entertainment, retail and residential offerings in proximity to the central business district,” said Ed Polich, EVP of real estate with Draper and Kramer.
The start of construction has been awhile in coming, Crain’s Chicago Business reported. The developer won City Council approval in 2016, but opted to wait for the neighborhood to mature.
“We didn’t want to be the first new building and didn’t want to deliver into a market that was still establishing itself,” Polich told Crain’s.
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