Commonwealth Development Partners Launches Magnificent Mile Tower Conversion

By Maria Maruta · Multi-Housing News · 2026-07-31

Multi-Housing News reports that Skender Construction has broken ground on a $162 million redevelopment at 500 N. Michigan Ave. in Chicago. The project involves stripping the 1968 office tower to its core to create a luxury apartment building featuring 320 residential units and a

Multi-Housing News reports that Skender Construction has broken ground on a $162 million redevelopment at 500 N. Michigan Ave. in Chicago. The project involves stripping the 1968 office tower to its core to create a luxury apartment building featuring 320 residential units and a