Construction Begins On New 47-Story Michigan Avenue Skyscraper Downtown
![Construction Begins On New 47-Story Michigan Avenue Skyscraper Downtown](https://cdn.asp.events/CLIENT_Oliver_K_15A4C8AE_5056_B739_54CFDE58102DEF33/sites/chicago-build-2023/media/libraries/industry-news-1/300-N-Michigan-Ave-1.jpg/fit-in/700x9999/filters:no_upscale())
CHICAGO (CBS) — While many businesses in the downtown are still struggling to stay open due to the pandemic, and others remain closed, crews broke ground Thursday on a new sky-high construction project on Michigan Avenue.
Chicago-based developer Sterling Bay is building a 47-story tower at 300 N. Michigan Av., between the city’s Riverwalk and Millennium Park.
The 523-foot glass and steel skyscraper will include 289 residential units and a 280-room hotel by Netherlands-based citizenM.
Sterling Bay said the project will create more than 500 on-site construction jobs, and more than 70 permanent positions in residential and hotel operations.
“We see this as a bright spot of positive momentum for the City of Chicago – North Michigan Avenue, in particular – which has seen its share of strife this summer,” Sterling Bay spokeswoman Julie Goudie wrote in an email.
Read more at CBS Chicago