Golub and CIM Start S. Side Mixed-Use Dev.

CHICAGO—Golub & Company and its partner, Los Angeles-based CIM Group, have started construction on a 41-story multifamily residential tower at 1001 S. State St. in Chicago’s South Loop neighborhood. The Solomon Cordwell Buenz-designed glass and steel development will include include 397 market-rate apartment units comprised of a range of studios to three-bedroom residences. The developers say the building will allow its residents quick access to the downtown’s burgeoning jobs market and align with the neighborhood’s vision of mixed-use residential, retail and entertainment properties.

“We see strong demand for luxury apartments in the South Loop, based on the rising appeal of the neighborhood and its proximity to downtown and the lakefront,“ says Golub president and chief executive officer Michael Newman. And Prasan Kale, the company’s development manager, adds, “We are rising to meet ever-increasing demand for luxury high-rise apartment living in one of Chicago’s fastest growing neighborhoods.“