CHICAGO, IL – January 22, 2024 – Co-developers Time Equities, Inc. (TEI), JK Equities (JKE) and Oak Capitals, have officially commenced pre-leasing apartments at 1000M, a 73-story residential tower located on iconic Michigan Avenue at Grant Park. With the exterior now fully complete, 1000M has already made its mark on the Chicago skyline and is set to raise the bar for high-rise living in Chicago.
The first residents are scheduled to move in on May 1, 2024, with additional deliveries phasing in throughout the balance of 2024. Monthly rents currently start at $2,075 for studios, $3,115 for one-bedrooms, $5,865 for two-bedrooms, $8,770 for three-bedrooms and $14,470 for four-bedrooms. All rents are subject to change.
“We are excited to finally be able to share 1000M with the public,” proclaimed Robert Singer, Director of Development at Time Equities, Inc. “It’s been years in the making, but the hard work by everyone has paid off. This building will truly set the bar for rental residences in Chicago. Feedback from our early VIPs has been extremely positive.”
Leasing and management for 1000M is being handled by Willow Bridge Property Company. Founded in 1965 by Mack Pogue as Lincoln Property Company, Willow Bridge Property Company is one of the United States’ most respected full service residential property companies, operating a successful portfolio in 75 markets. Willow Bridge proudly employs over 4,500 team members, has built over 200,000 apartments and manages 180,000 units for its clients. To learn more, visit willowbridgepc.com.
Now Pre-Leasing Online or in the Showroom
Website Now Live
On the newly launched property website – 1000MChicago.com – prospective residents will be able to see the complete details and offerings to truly understand this unprecedented living experience. Visitors can view renderings, explore amenities and apartment features, and most importantly browse floorplans, see pricing and availability, and lease an apartment directly online.
Pre-Leasing Showroom Open
For those looking to tour, 1000M has opened a stunning 8,000 SF pre-leasing center directly next door at 1006 South Michigan. The center allows prospective residents to really experience 1000M. Among many features, the showroom has furnished model apartment vignettes, a scale model of the 1000M tower, and extensive 3D rendering presentations. It also features a 25′-wide, high-resolution view wall providing 360° drone photography from all tower levels – highlighting stunning views of the Loop, Grant Park and Lake Michigan. Prospective tenants are encouraged to book showroom tours through the property website, 1000MChicago.com.
“Our entire team is ready to help residents find the perfect home here at 1000M,” stated Beric Wessely, Business Manager at 1000M. “We’ve had a ton of interest in this project. Renters are demanding more these days—more amenities, better apartment finishes, exceptional service—and I’m happy to say 1000M excels on all fronts.”
Wessely continued, “It is also my goal, as Business Manager, to create a genuine community here and the plan to do so is very exciting. There is no doubt that once residents move-in, experience the building, and see what our onsite team can do…they will be extremely pleased.”
1000M Highlights
Design Vision
1000M was designed by the late, luminary German architect Helmut Jahn and his company, Jahn/, which remains the architectural firm of record for the development. Jahn’s Managing Director Philip Castillo noted, “The building’s unique shape has produced fresh, innovative floorplates that are transformed into apartments with a refined touch. 1000M gradually widens at the northeast and southwest corners, allowing its floorplate to transition from an efficient rectangle at the base to an expansive parallelogram at the top, giving even the southwestern units prime views of Lake Michigan and Grant Park.”
Renowned Chicago-based interior designer, Kara Mann, designed the apartment and amenity area interiors. “Our goal was to infuse our expertise in luxury home interior design, into a building with scale, ensuring residents felt a sense of warmth and belonging throughout all areas of the building.” stated Savanna Linneman, Designer of Interiors at Kara Mann.
80,000 sq ft of Amenities
1000M Features the largest amenity package in the city. 80,000 sq ft of luxe community spaces span 8 levels, including the highest residential observation deck in the city located on level 73. Residents can enjoy lively social spaces and relaxing lounges. Both an indoor lap pool and a heated 3-season pool and deck allow for year-round swimming. Two floors of high-end fitness and wellness facilities rival many gyms, and an entire 10,000 sq ft floor of dedicated co-working facilities. “Everything you need is at the ready,” said Wessely.
Thoughtful Designer Apartments
Apartments at 1000M range from studios to 4-bedroom penthouses. And all residences feature the same Kara Mann-appointed luxury furnishings no matter the apartment or floor. “We’ve optimized every square inch of these plans,” stated Singer. “There’s lots of closet space with high-end custom shelving units, sleek kitchens with cabinet front appliances, and jaw-dropping views.”
Prime Location
Centrally located along Chicago’s Cultural Mile at the Museum Campus, 1000M is within walking distance of countless neighborhood amenities – including Grant Park, Maggie Daley Park, and Millennium Park, the lakefront, Northerly Island, numerous neighborhood restaurants, transportation, schools and world-class cultural institutions such as the Art Institute, Field Museum, Adler Planetarium, Shedd Aquarium, and Soldier Field. It is one of the most distinguished areas of Downtown Chicago.
Visit and follow the 1000M Facebook and Instagram accounts which features additional new content and will provide a first-hand look at the building’s ongoing progress.
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ARO Renters: 1000M will be offering a select number of ARO (affordable rate ordinance) units in accordance with the program set forth by the City of Chicago. At this time, however, we are not processing pre-leasing ARO units and are not offering a waitlist. Please stay tuned for additional updates on this.
Brokers: 1000M is cooperating with outside brokerages. All brokers must have a listing agreement in place with Willow Bridge Property Company. Please contact the 1000M pre-leasing office for more information.
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About Time Equities Inc.
Founded by Francis Greenburger in 1966, Time Equities, Inc. (“TEI”) has been in the real estate investment, development, and asset and property management business for more than 50 years. TEI currently holds in its own portfolio approximately 38.5 million square feet of residential, industrial, office and retail property including about 5,500 multi-family apartment units and 1.4 million square feet of various property types in stages of pre-development and development.
With 326 properties across 33 states, 5 Canadian provinces, Anguilla, England, Germany, Italy, the Netherlands, and Scotland, the TEI portfolio benefits from a diversity of property types, sizes and markets. There are concentrations in the Northeast, Southeast, Midwest and West Coast of the U.S., and new markets around the world are always being evaluated.
JK Equities
Led by principals with over 40 years of real estate experience, JK Equities, LLC is a private real estate company that focuses on acquiring, developing and operating real estate throughout the United States. JK Equities, LLC has owned, operated and developed property in more than 15 states and has been active in the Chicago residential development market since 1998 having developed over 1000 residential units. To date its largest development project in Chicago has been Dearborn Tower, a 750,000 SF, 317-unit condominium building, located in the South Loop.
Oak Capitals, LLC
OAK CAPITALS LLC, based in Chicago, is an equity investor in multiple sectors including real estate. The principals of OAK have been in the real estate, construction & manufacturing business for several decades as equity investors, developers & builders in both the US and overseas markets. Their holdings include commercial, residential & manufacturing assets.