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.
Verso River North
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.
Construction is set to begin in early June for a 16-story commercial building at 311 W Huron Street in River North. This retail and office building has been planned by North Wells Capital. This past February, the developer secured an $88 million lease with the anchor tenant Spins, who will occupy 48,000 square feet within the top three floors. The 226-foot-tall edifice will replace a former parking lot just west of the elevated CTA L tracks.
This week, North Wells Capital secured an $88 million lease for a planned 16-story retail and office building 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.
The approved 16-story office tower at 311 W Huron Street awaits groundbreaking in River North. Poised as part of the Verso River North development, the tower will replace an existing surface parking lot along W Huron Street. The site is located at the intersection of W Huron Street and N Franklin Street, on the southern side of the street. The CTA Brown Line tracks run alongside the property above N Franklin Street. North Wells Capital is the developer behind the project.