West Loop 25-Story, 380-Unit Tower Cleared on $112M Permit
A $112M Chicago permit issued Oct. 27 covers a 25-story, 380-unit mixed-use tower at 1022 W Jackson Blvd, with Skender Construction as contractor.
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Chicago issued a new-construction permit on Oct. 27, 2026 for a 25-story mixed-use tower at 1022 W Jackson Blvd in the West Loop. The permit lists 380 dwelling units, ground-floor retail and an applicant-reported cost of $112 million. Skender Construction is the general contractor.
Why it matters
A 380-unit tower is a large residential start by any measure. A permit at this scale usually means financing is largely in place, for a site close to the Kennedy Expressway and the Loop job base.
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The numbers
Permit 101082881 covers parking on levels two and three with 163 automobile spaces and 380 bicycle spaces, which is one bike space per unit and roughly 0.43 car spaces per unit. The $112 million is the cost stated by the applicant, not a loan or sale figure. Divided across 380 units it is about $295,000 per unit, before land and financing.
The permit names the owner as a land-owner entity for the parcel. We do not name that entity as the sponsor; the operating developer is not identified in the permit record.
What’s next
Permits like this one often precede a public financing announcement by weeks, so the absence of a named sponsor today is not unusual. Cost on a permit is the applicant’s own estimate, so the final project budget can differ once bids and change orders are in.
Look for a construction loan recording, a sponsor announcement and the first superstructure permits. The project was also listed in our weekly roundup of the biggest Chicago filings: week of Nov. 1. More in Chicago.
ON THE RECORD: Permit number, issue date, unit count, parking counts and reported cost are from the City of Chicago building permits dataset. Cost is applicant-stated.
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Quick answers
- What is the latest on 1022 W Jackson Blvd?
- A $112M Chicago permit issued Oct. 27 covers a 25-story, 380-unit mixed-use tower at 1022 W Jackson Blvd, with Skender Construction as contractor.
- Who is developing 1022 W Jackson Blvd?
- Skender Construction, according to City of Chicago Building Permits.
- What are the key numbers for 1022 W Jackson Blvd?
- reported cost: $112M; units: 380; car spaces: 163.
On the record
Permit 101082881, issued 2026-10-27 at 1022 W Jackson Blvd, lists an applicant-reported cost of $112,000,000 for a 25-story mixed-use building with 380 dwelling units, 163 car spaces and 380 bicycle spaces; Skender Construction is general contractor.
Permit · data.cityofchicago.org