Hines JV cleared for new riverfront restaurant complex

The restaurant group Lettuce Entertain You Enterprises will lease 38K sf in River North tower

TRD CHICAGO /
May.May 01, 2018 01:00 PM

Bill & Giuliana Rancic and the building

A Hines joint venture will begin work on a sprawling restaurant complex at the base of a 35-story tower along the north side of the Chicago River.

The city granted a construction permit to Hines in its partnership with Diversified Real Estate Capital and American Realty Advisors at 312 North Clark Street.

Hines last month announced a lease by Chicago-based restaurant group Lettuce Entertain You Enterprises for 38,000 square feet at the base of the 900,000-square-foot tower.

It will include a bi-level upscale restaurant called RPM on the Water, a private events space and a casual concept that’s yet to be named.

It is slated to open in summer 2019.

The restaurant is the third in the RPM concept, started by Lettuce Entertain You with Bill and Giuliana Rancic. The TV personalities recently listed their Gold Coast Victorian townhome for $6.8 million.

The restaurant is part of a complete renovation of the building, which includes a Goettsch Partners-designed lobby, an expanded fitness center and tenant lounge, according to Hines. The work cited in the permit is expected to cost an estimated $23 million.


Related Articles

arrow_forward_ios
Brian Whiting, CEO of Telos Group, and the Old Post Office (Credit: Google Maps)

Lonely at the top: 601W Cos. opens Old Post Office rooftop park in WFH world

Lonely at the top: 601W Cos. opens Old Post Office rooftop park in WFH world
Cars.com CEO Alex Vetter and the building (Credit: Google Maps)

Cars.com wants to shrink its space at West Loop HQ

Cars.com wants to shrink its space at West Loop HQ
Thor Equities’ Joseph Sitt and Palmer House Hilton at 17 East Monroe Street (Google Maps)

Thor’s Palmer House hit with $300M+ foreclosure suit

Thor’s Palmer House hit with $300M+ foreclosure suit
The former Target in Calumet City will be converted into a working farm (Google Maps)

For latest retail redevelopment, old Target will become new farm

For latest retail redevelopment, old Target will become new farm
Cook County Assessor Fritz Kaegi and downtown Evanston

Cook County landlords get bad news about 2020 taxes

Cook County landlords get bad news about 2020 taxes
Joe Sitt and 905 W. Fulton Market (Credit: Thor Equities)

Thor Equities’ big bet on Fulton Market is paying off

Thor Equities’ big bet on Fulton Market is paying off
Ald. Walter Burnett (27th)

Alderman Burnett to lift ban on resi development in Fulton Market

Alderman Burnett to lift ban on resi development in Fulton Market
Amazon CEO Jeff Bezos with 4306 120th Ave. in Kenosha and 23700 W. Bluff Road in Channahon (Credit: Getty Images; Google Maps)

Amazon is at it again in Chicago

Amazon is at it again in Chicago
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...