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Chicago & Midwest  + Downtown  + Apartments  | 

Move-Ins Begin at CIM Group’s South Loop Tower

The first residents are moving in at CIM Group and Murphy Development Group’s 500-unit Paragon rental tower in the South Loop. The developers have received a certificate of occupancy for the 47-story apartment property’s first 25 floors, which also include 7,500 square feet of ground-floor retail.

Interior finishing work is being completed for units on the remaining 22 floors. Work on those units is anticipated to be complete in August.

All 500 apartments will feature floor-to-ceiling windows and a smart home system by IOTAS, integrating smart switches and outlets, motion and door sensors and smart thermostats by Nest.

Built on the former site of a parking lot, the Paragon is one of a number of apartment high-rises that are being added to the South Loop skyline. Others include Crescent Heights’ NEMA Chicago, which will reportedly be the city’s tallest rental building, and Oxford Capital Group’s recently-opened Essex on the Park.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types as well as delving into broader subject matter. He produces 15-20 daily news stories per day and also works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.

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