CHICAGO, IL — Co-developers Time Equities, Inc., JK Equities and Oak Capitals, recently hosted a groundbreaking ceremony and reception 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 the tower on Michigan Avenue.

Mike Golden, Co-CEO of @properties, 1000M’s exclusive sales agency, welcomed 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 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, 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. 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 $470-million project will commence in December 2019. 1000M has sold 23 percent 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 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.