North Wells Capital’s 16-story mixed-use tower at 311 W Huron Street in River North is quickly rising and now clearly visible from a range of new vantage points. The tower will stand 226 feet tall and offer a blend of retail and office space. North Wells Capital secured Spins as the anchor tenant with an $88 million lease, allowing the building to commence construction. Spins will occupy the top four floors of the tower.
The podium structure is now filling out for 311 W Huron Street in River North, marking the 23rd tallest construction project in Chicago. Developer North Wells Capital is building a 16-story office and retail commercial tower, which will stand 226 feet upon its completion. In 2022, the developer secured an $88 million lease with Spins, which will occupy three of the building’s highest leasable floors.
The superstructure is now emerging for 311 W Huron Street in River North, where developer North Wells Capital has planned a 16-story office and retail commercial building. The developer had secured an $88 million lease with the tenant Spins earlier in 2022, thereby allowing construction to begin. The primary tenant will occupy the three highest leasable floors of the building, which is situated on the site of a former parking lot.
Initial caisson and foundation preparation can be seen for a 16-story commercial building at 311 W Huron Street in River North. This upcoming retail and office building, planned by North Wells Capital, had scored $88 million lease with the major tenant Spins earlier this year, jumpstarting the now-underway project. The company will take up occupancy in the top three floors of the 226-foot-tall building. The edifice is replacing a former parking lot just west of the elevated Chicago Transit Authority L tracks. Since the last update, a tower crane permit has also been issued, adding to a new pocket of cranes in the northwest corner of River North once it’s installed in the coming weeks.
A full construction permit has been issued for 311 W Huron Street, paving the way for a new 15-story mixed-use building in River North. Under development by North Wells Capital, the primarily office high rise will serve as the second phase in the developer’s “Verso” assemblage. Earlier this spring, the market research company Spins signed an anchor tenant lease for 48,000 square feet within the top three office floors.