No18 looks to bring “cosmopolitan” co-working to Chicago

The high-end co-working provider will open its first location in the city on two top floors of 110 North Wacker Drive

TRD CHICAGO /
Mar.March 20, 2019 04:00 PM

110 North Wacker Drive (Credit: GPChicago)

Another player is entering into Chicago’s increasingly competitive co-working market, with the goal of catering to higher-end business clients.

Upscale co-working firm No18 will lease two of three penthouse floors at the 55-story 110 North Wacker Driver, which is being developed by the Howard Hughes Corporation and Riverside Investment & Development, according to Crain’s.

No18 bills itself as a “cosmopolitan members’ club for business,” according to its website. The Chicago location will include an outdoor terrace.

The firm is owned by Swiss company International Workplace Group, which also owns Regus and Spaces, according to Crain’s.

The location at 110 North Wacker will be No18’s second office in the United States after another in Atlanta. Chicago-based Riverside and Dallas-based Howard Hughes are expecting to deliver the new Bank of America-anchored office tower late next year.

Chicago’s co-working industry has tripled in four years, with shared-office firms now controlling about 2 percent of the Downtown office market. The growth does not appear to be slowing, thanks in no small part to industry leader WeWork’s continued expansion in the city.

Chicago-based Novel Coworking, meanwhile, expanded its office suite at 211 West Wacker Drive earlier this month and also recently opened its fifth location in the city. Industrious opened its biggest local outpost late last year with a 47,000-square-foot lease at 500 West Madison Street. [Crain’s]Joe Ward


Related Articles

arrow_forward_ios
Marc Jacobs store at 11 E. Walton St., Marc Jacobs (Credit: Getty Images and Google Maps)

Another one bites the dust: Marc Jacobs closes Gold Coast location

Ald. Walter Burnett Jr. (27th) and Steven Fifield, with a rendering of the project

‘Cap the Kennedy’ plan may be revived thanks to real estate money

Trammell Crow CEO Matt Khourie and a rendering of Fulton Labs (Credit: iStock)

Life sciences development may be Fulton Market’s next new thing

181 W. Madison St. and HNA Group Founder Chen Feng (Credit: Google Maps)

Embattled Chinese firm HNA Group refinances Loop skyscraper

Chariot Logistics Center and Jeff Bezos (Credit: Getty Images, Cushman & Wakefield, and iStock)

Amazon inks massive lease at Melrose Park distribution center

Tishman Speyer’s Rob Speyer & 320 North Sangamon rendering (Credit: Tishman Speyer)

Tishman Speyer lands $81M loan for Fulton Market spec office project

Cook County Assessor Fritz Kaegi (Credit: Twitter and iStock)

Cook County assesses priciest properties in suburbs at below recent sale prices: report

Pepper Construction CEO David Pepper (Credit: Pepper Construction)

Chicago construction exec David Pepper dies at 59

arrow_forward_ios
Loading...