Sloop Skyline Alert: 626 S. Wabash Tower Rises Above the 'L' as South Loop's Housing Boom Rolls On
By Socialhood News · Il/Chicago/South Loop ·
South Loop neighbors, keep your eyes on the 'L' tracks — because a brand-new tower is climbing right alongside them. Construction crews at 626 S. Wabash Avenue have already poured concrete up to the underside of the second level, marking a visible new milestone for one of the Sloop's most talked-about projects of the year.
When finished, the 19-story tower will deliver 164 residential units to the neighborhood — a mix of co-living suites, efficiency units, and two-bedrooms — along with ground-floor retail space at street level. Co-developers DAC Development and Melrose Ascension Capital are targeting students and young professionals as the project's primary residents, with a parking podium rounding out the building's amenities. The project broke ground this spring and is aiming for a fall 2026 opening, meaning new neighbors could be moving in before the year is out.
It's yet another sign that the South Loop's residential momentum shows zero signs of slowing — and with ground-floor retail still to be announced, there could be exciting new businesses headed your way along S. Wabash soon. Have you spotted the construction at 626 S. Wabash on your daily commute? Got a wish list for that ground-floor retail space — a coffee shop, a gym, a bookstore? Drop your ideas in the Socialhood community and let's dream big together, Sloop!
Sources:
1. http://www.sloopin.com/