Developer L3 Capital is behind the boutique commercial building, which spans a total of 34,000 square feet in rentable space, divided between 10,000 square feet of designated retail and 24,000 square feet of offices. It was initially announced this past February that electric carmaker Rivian would establish a new showroom within the building, one of ten new venues for the company throughout the United States. However, it has not been confirmed the extent of Rivian’s lease for its showroom nor any additional space.
Previously occupied by MB Financial Bank Branch, the development involves the removal of the structure’s facade (carried out by Norcon Inc. as demolition contractor), while maintaining its underlying metal frame. At the northern end of the lot is an additional segment of the building that has been built from scratch and will blend seamlessly into the overall design.
Schemed by OKW Architects, the new facade deviates from the prior iteration with a dark metal cladding and much taller glass panes, while carrying forward the use of red brick as another primary material.
The first two floors of the frontage are clad with a mix of red brick and metal trimming, while the third floor is nearly entirely clad in dark metal paneling. Other architectural features comprise of metal-clad rear walls and a tower-shaped brick segment at the northeast corner, which demarcates the stairway and elevator. An additional stairwell can be found in the rear of the building.
One other feature of note is the retention of a 1,500-square-foot terrace along Randolph Street, outfitted with new railings, finishes, and furnishings.
The sleek design serves as harbinger for Randolph Street’s ultimate transformation into an eclectic mix of older masonry industrial buildings at the foot of a high-reaching modern backdrop.
Various transportation options can be found within the area, such as bus Route 8 via a five-minute walk east to Halsted & Randolph. Additional bus stops can be found for Route 20 within a five-minute walk south. Also nearby are CTA L Green and Pink Lines at Morgan station, with access just a block north of the property.
Walsh Construction Company has served as the general contractor for the project, with move-ins on-track for around the end of this year.