Last year AN broke news of plans for the first residential high-rise on Chicago’s North Michigan Avenue in decades. Last Friday, James McHugh Construction Company and Pepper Construction Company broke ground on the 41-story tower at 200 N. Michigan Ave., which is expected to be complete in mid-2016.

At 411 feet tall, the $155 million building will house 402 high-end residential units, as well as 22,000 square feet of retail on the first- and second-floor frontages along Michigan Avenue and Lake Street. The podium also includes a parking structure with 125 stalls, which designers bKL Architecture said will be screened tastefully to respect the storied downtown location’s active streetscape.

The site is adjacent to the Daniel Burnham–designed Carbide and Carbon building, and bKL’s renderings show green glass that references the art deco landmark next door. Mullion patterns on the north and south faces of the apartment tower add texture to the facade, while the eastern-facing profile is kept purposefully minimal, according to bKL, in deference to the classic facades of Michigan Avenue.