(Read more on the multifamily market.)

CHICAGO-Construction will begin in July on the 2,000-foot-tall Chicago Spire, being developed by Dublin-based Shelbourne Development Group Inc., according to a released statement by the company. Shelbourne has chosen Case Foundation Co., based in Roselle, IL, for the foundation work for the 150-story building at 400 N. Lake Shore Dr.

Case Foundation Co. will install 34 concrete and steel caissons that will be 120 feet deep, and a 104 foot diameter cofferdam at 78 feet deep, according to a released statement form Shelbourne. Company officials did not return calls for comment. The work is expected to be completed by the first quarter of next year. The project received final approval from the Chicago City Council in May.

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