Chicago’s 53rd tower crane goes up at 2345 N. Lincoln Ave., breaking the record of 52 set last year.
“People are optimistic about the future of Chicago. They want to move here, they want to invest here and they want to build here,” said Mayor Emanuel in a statement. “As Chicago’s economy continues to get stronger, we will continue to partner with businesses, big and small, to keep this progress going.”
The new tower crane is the second to be installed at the Lincoln Common development project. The transit-oriented development features 94,000-square-feet of retail space, 538 apartment units, 40 luxury condos, 47,000-square-foot boutique office building, a parking garage with 850 spaces, a 249-room senior living facility and more than an acre of open space. New buildings will be mixed with restored and revitalized structures to integrate into the existing neighborhood fabric with ready access to the Fullerton train stop.
Cranes typically operate on a construction site for more than a year and can operate as long as two years depending on the development size.
In addition to tower crane records, Chicago last week reported a dramatic uptick in permits issued for single-family home renovations. In 2015, the average number of permits issued per month was 169, and through the first half of this year, we have averaged 202 permits per month. Following a commitment to homeowners last fall to issue single-family home renovation permits without special zoning approvals in 30 days or less, the average time to get this permit in 2017 is 25 days (a decrease of 10 days from 2016).