Lauren Brittanie

400 Lake Shore will replace the abandoned Chicago Spire project with two residential buildings and a new public park.

Chicago-based developer Related Midwest is underway on a $500 million multifamily tower on the Chicago River — the largest multifamily project in the country to break ground in February, according to Dodge Data & Analytics. 

The first phase of 400 Lake Shore Drive, located in Chicago’s Streeterville neighborhood, will consist of a 72-story residential tower, the taller of two similarly designed buildings planned for the site. Expected to open in early 2027, the North Tower will stand 858 feet tall.

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