111 W. Wacker Project Description. Architect: Handel Architects LLP (design) and Epstein (architect of record)
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1 111 W. Wacker Project Description Project Details Project name: 111 West Wacker Drive Location/Address: 111 West Wacker Drive Developer: Related Midwest Architect: Handel Architects LLP (design) and Epstein (architect of record) Attorney(s): DLA Piper Consultants (e.g., traffic, engineers, brokers, etc.): Forensic Engineers: Wiss, Janney, Elstner Associates Structural Engineers: Halvorson Partners MEP/FP: Cosentini Associates Elevator: Jenkins and Huntington Interior Design: Kara Mann Design General Building Information Lot size: 24,086 Number of floors: 59 FAR: Approximately 25 Zoning designation: Planned Development #841 Parking (both accessory and non-accessory): 439 spaces
2 Project Description. 111 West Wacker will be a 506-unit, 59-story luxury rental tower located on the Southwest corner of Clark Street and Wacker Drive, adjacent to the main branch of the Chicago River with unparalleled access to the City s main business district Loop and renowned cultural attractions. The Property will be constructed on a half-acre site which currently contains the stalled hotel and condominium development formerly known as Waterview Tower. Related acquired the Property in July 2011 with the intent of developing the Property into a best in city luxury rental building. Upon completion, the project will total approximately 950,000 gross square feet and include 439 parking spaces, 506 luxury rental units thoughtfully distributed as studios, convertibles, one-, two-, and three-bedrooms, and unrivaled amenities and services. Unique and signature restaurant and retail spaces will be accessible from the Property s street level. The prior owner s original 1.3 million gross square foot proposal comprised a 223-key Shangri-la Hotel and 243 luxury condominium units with an approximate average size of 800 and 1,800 square feet, respectively. The 92-story, 1,047 feet super-structure was to be the seventh tallest structure in the U.S. Construction of the Property began without first closing a senior loan. Accordingly, all on-site activity was halted in December 2007 due to insufficient funds of the prior owner. Shown at right, and remaining today, the 25-story concrete structure, which also contains 4 underground floors, houses the existing parking and the originally proposed hotel rooms. Related has worked over the past several months to completely redesign and repurpose the existing structure into a luxury, all-rental tower. Upon completion of the glass and concrete structure, 111 West Wacker will consist of 506 luxury apartments and 439 parking spaces. The average unit size will be approximately 830 square feet (419,000 square feet of net leasable area). Levels directly accessed by upper and lower Wacker Drive will contain up to approximately 35,000 square feet of retail space as well as the residential lobby and back of house areas. The Property s parking spaces, of which approximately
3 240 are anticipated to be used by residents (0.55 space per unit), will be located in two below-grade levels and floors 4 through 14. The 506 luxury apartments will be located on floors 15 through 58 with ceiling heights ranging from 9-0 to Residential amenities will be located on the 28 th and 29 th floors, facilitating a broad range of activities and uses. This amenity floor will feature approximately 22 ceiling heights in select areas with breathtaking views of the Chicago River and the skyline, an indoor pool with adjacent sun deck, full fitness facilities complete with locker rooms and a fitness studio, and a number of bonus rooms for private parties, movies, and games. Additional space will be dedicated to management and leasing offices. Apartment interiors will feature traditional and efficient floor plans with floor-toceiling windows, fully-equipped kitchens with stainless steel appliances and premium-quality finishes.
4 Site plan and location map.
5 Building elevations
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