315 S. Jefferson Gets a $19M Permit for 52 West Loop Units
Chicago issued permit 101081111 on Oct. 5 for a 9-story, 52-unit mixed-use building at 315 S. Jefferson, with a stated project cost of $19 million.
- Source Briefing
- Public record
- Data feed
Chicago issued a new-construction permit on Oct. 5 for a nine-story, mixed-use building at 315 S. Jefferson St. in the West Loop. The permit lists 52 apartments and an stated cost of $19 million. This is a permit issued, not a finished building.
Why it matters
Permit 101081111 moves the site from approvals to a building permit, after about 199 days of processing from its March 20 application. The city’s record shows the permit milestone as “permit issued (fee due),” with roughly $50,100 in building and zoning fees still unpaid at the time of our pull.
The news that moved today. Free email. Every weekday morning.
The permit names Summit Design & Build as general contractor. The owner of record on the permit is Jefferson 315 S, LLC; we do not tie that entity to a larger developer, and we do not know the project’s lender or equity partners. See more in Chicago.
The numbers
The $19 million figure is the cost stated on the permit, not a price paid or a construction contract. It is about $365,000 per apartment if spread across the 52 units, a rough guide only because the building also carries office and retail space.
The permit describes a building on caissons with a basement. The first floor holds the residential lobby, 21 mechanized parking spaces, office space and a retail tenant space, with the units on the floors above. Occupancy classes are R-2 and M, Type 1B construction. The parcel is PIN 17-16-119-063 in Ward 34.
What’s next
Fees must be paid before work can start. Next filings to watch are the foundation and caisson work, an electrical permit (SDI Electric Group is listed) and any construction loan recorded with the Cook County Clerk. We have not seen a sale, loan or leasing announcement for the project.
More in Foreclosure & Distress News.
Quick answers
- What is the latest on Summit Design & Build in Chicago?
- Chicago issued permit 101081111 on Oct. 5 for a 9-story, 52-unit mixed-use building at 315 S. Jefferson, with a stated project cost of $19 million.
- What are the key numbers for Summit Design & Build?
- stated cost: $19M; units: 52; stories: 9.
- Where does the information on Summit Design & Build come from?
- The story cites Cook County Assessor, PIN 17-16-119-063.
On the record
City of Chicago permit 101081111, issued Oct. 5, 2026 for new construction at 315 S. Jefferson St. (PIN 17-16-119-063, Ward 34), lists a $19,000,000 stated cost, 52 residential units and 21 mechanized parking spaces.
Permit · cookcountyassessoril.gov