Renovation work has made noticeable progress at Canal Station, located at 801 S Canal Street in South Loop. The six-story building now displays orange paint at the intersection of W Polk Street and Canal Street, near the Old Post Office. The property is owned by 601W Companies and is being developed alongside its leasing partner The Telos Group, with SCB overseeing the redesign.
Work on the project began in 2021, following its purchase from the previous sole occupant, Northern Trust. The aim is to convert the building into a multi-tenant facility with a revamped lobby and exterior. The mixed-use provide a total of 850,000 square feet, of which 638,000 square feet will be available for office leasing.
One highlight of the renovation is the multi-story lobby, which will include an arched entryway, a media display, a staircase, and walkways that connect the upper floors. Amenities will span close to 30,000 square feet, and will come with a 7,000-square-foot outdoor terrace, a gym, a tenant lounge, and a conference center. Each of the 110,000-square-foot floor plates will also come with smaller private terraces. In addition to the 375 on-site parking spaces, shuttle services are planned to transport future tenants to Union Station and Ogilvie Transportation Center.
Gardner Builders is serving as the general contractor. The project, budgeted at $265 million, is slated for completion by the beginning of next year.