Riverside, Howard Hughes cleared to build 110 North Wacker office tower

Bank of America signed a 500K sf lease to anchor the 56-story building

Chicago /
Sep.September 24, 2018 01:00 PM

John O’Donnell, David R. Weinreb and 110 North Wacker Drive

UPDATE, Sept. 24, 5:30 p.m.: Five months after Riverside Investment & Development and Howard Hughes Corp. started foundation work on their 1.4 million-square-foot office tower at 110 North Wacker Drive, the project was cleared to rise 800 feet into the air.

The city’s buildings department granted the developers their final construction permit for the 54-story office tower Friday, according to city records. The project is expected to cost $300 million, according documents filed with the building permit application.

The developers, though, have filed a zoning amendment to increase the building to 56 stories, with the last occupied floor on 55, for a total height of 820 feet.

Last year, Bank of America announced a deal to lease 500,000 square feet of space in the new tower, which a Riverside spokesman said is projected to open during the fourth quarter of 2020.

The tower, whose serrated glass facade was designed by Chicago-based architecture firm Goettsch Partners, will rise at the former site of the six-story General Growth Properties Building. The 60-year-old structure was demolished earlier this year, and its namesake tenant, GGP, moved across the river to River North Point, formerly known as the Apparel Mart.

Riverside last year completed a 54-story office tower at 150 North Riverside Plaza, just north of Boeing’s international headquarters.

And earlier this month, Riverside and Convexity Properties unveiled a revised plan for its redevelopment of Union Station to include a 400-key hotel, a new 1.5-million-square-foot office tower and a 1.5-acre park.

This story has been updated to clarify the number of proposed stories and height of the building.


Related Articles

arrow_forward_ios
RIU Hotels & Resorts’ Carmen Riu Guell and Luis Riu Guell plan to build a $200 million, 29-story hotel in Streeterville. (Getty, RIU Hotels & Resorts)
388-key Streeterville hotel project looks way past pandemic
388-key Streeterville hotel project looks way past pandemic
Port of Chicago (BartShore/Wikipedia, iStock)
Big development opportunity on tap at Port of Chicago
Big development opportunity on tap at Port of Chicago
An aerial view of 1217 East Thacker Street in Des Plaines (Google Maps, iStock)
Development opportunities rise as housing supply shrinks
Development opportunities rise as housing supply shrinks
Amita CEO Keith Parrott and the Amita Health’s Lisle headquarters at 2601 Navistar Drive in Lisle (Amita, Google Maps)
Amita Health adds to wave of suburban office subleases
Amita Health adds to wave of suburban office subleases
From left: DL3 Realty’s Leon Walker, Discover’s Roger Hochschild, Mayor Lori Lightfoot, and 8560 South Cottage Grove Avenue. (DL3, Discover, Getty, Google Maps)
DL3 Realty signs Discover to big South Side lease
DL3 Realty signs Discover to big South Side lease
Blackstone’s Jonathan Gray and CenterPoint CIO Jim Clewlow with one of the properties, 225 Spring Lake Drive, Itasca (Getty, Linkedin, Google Maps)
Blackstone expands industrial reach with $151M Chicago buy
Blackstone expands industrial reach with $151M Chicago buy
(Arlington Park, Google Maps)
Churchill Downs looks to sell 326-acre Arlington Park race track
Churchill Downs looks to sell 326-acre Arlington Park race track
Chicago this week raised indoor dining to 40% of a venue's capacity. (iStock)
Filling up: Chicago boosts indoor dining capacity
Filling up: Chicago boosts indoor dining capacity
arrow_forward_ios

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

Loading...