This week, North Wells Capital secured an $88 million lease for a planned 16-story retail and office building, located at 311 W Huron Street in River North. The anchor tenant, a market research company known as Spins, will occupy 48,000 square feet along the top three floors.
As reported recently by Crain’s, this 153,000-square-foot high rise is part of a larger property assemblage by the developer known as Verso. This office scheme also includes an already renovated seven-story loft building and modern addition at 306 W Erie Street, as well as a planned 260,000-square-foot building at 320 W Huron Street.
As for 311 W Huron Street, the industrial-like design is by NORR Architects, whose appearance takes on a similar aesthetic to other recent developments in West Loop and River North. The 226-foot-tall massing is wrapped in a glass and metal panel facade. Other architectural elements include a rippling kinetic wall near the base and curved penthouse enclosure with textured metal panels.
Typical office floor plates will span 16,250 square feet, while offering tenants 12’9″ ceilings. Tenants will also have access to a range of amenities, such as a fully-equipped fitness center, a rooftop deck, and a lounge with nooks for dining and group meetings. There will also be a conference center with floor-to-ceiling windows, flexible A/V options, and whiteboards. As for parking, there will be a 137-vehicle parking garage housed within the base.
As seen in renderings, the tower will directly border the elevated CTA L Brown and Purple Lines, with nearest service at Chicago station, just one block north. Closest bus service, meanwhile, can be found for Route 37 at Chicago & Franklin via a minute’s walk west. Slightly further via a four-minute walk northeast is additional service for the Route 66 bus line.
As of now, completion for 311 W Huron is expected for 2023, while the general contractor for the imminent groundbreaking has not yet been listed. The final installation of Verso, 320 W Huron, will still require city council approval before groundbreaking can begin.