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Related Midwest Opens Pre-Leasing for OneEleven in Chicago’s Loop
Apr 19, 2014
60-story luxury apartment tower offers ultimate five-star lifestyle on Chicago’s riverfront
(CHICAGO) April 9, 2014 – Related Midwest today announced the start of pre-leasing for OneEleven, a 60-story ultra-luxury apartment tower at 111 West Wacker Drive that is poised to bring an unprecedented level of rental living to Chicago’s Loop when it opens this summer. Representing Related’s second luxury apartment offering in Chicago, following the successful debut of 500 Lake Shore Drive last year, OneEleven will feature 504 apartments that offer the developer’s signature residential experience through a combination of five-star service, exclusive lifestyle amenities and sophisticated, modern design. Initial occupancy is slated for July.
Located at Wacker Drive and Clark Street, OneEleven is the culmination of Related’s transformation of one of Chicago’s most high-profile sites along an iconic stretch of the Chicago River. To complement the building’s premier address, modern architecture and the lifestyle it offers, the developer has curated an exceptional selection of residences, ranging from studios to penthouses, which afford stunning city and river views through floor-to-ceiling windows.
“No other luxury rental building in downtown Chicago is surrounded by so many significant architectural landmarks, cultural attractions and entertainment venues, not to mention the river itself, as OneEleven,” said Curt Bailey, president of Related Midwest. “Our goal was to create a building that not only pays tribute to its neighborhood, but also becomes a hallmark for luxury living in the Loop. In terms of OneEleven’s location, amenities, services and design, there’s nothing else like it in Chicago.”
Related acquired the site at 111 West Wacker in 2011 and partnered with noted firm Handel Architects, known for its work with the Four Seasons and Ritz-Carlton hotels, to create a design for a glass-sheathed building that incorporated the partially constructed base of a tower started on the site by its previous developer.
“OneEleven is a symbol of Chicago’s renaissance,” said Gary Handel, president of Handel Architects. “At this pivotal site, we strove to create a building that will take its rightful place among the exceptional buildings that line the Chicago River.”
“In order to integrate the existing base into the new tower, we came up with the idea of drawing your eye skyward, creating a sinuous ribbon that winds up and around the building, linking base to tower, referencing adjacent building heights and datums, and connecting streetscape to sky,” continued Handel.
Adding to the design cache of the building is Kara Mann Design (KMD), which created stunning amenity spaces and common areas including a soaring glass, stone and wood lobby with a signature art installation.
The celebrated interior designer is also creating six decorated models that will open with the building’s initial occupancy and showcase the high level of finish in individual residences, which will feature wide-plank flooring throughout living areas and Snaidero cabinetry, polished quartz countertops and white marble mosaic tile backplashes in kitchens. Residences will also feature 9- to 10-foot ceilings, spacious customized closets, stainless steel appliances and full-size washer and dryer.
The first new residential offering along the Chicago River in six years, OneEleven offers a prime rental address in the Loop, one of the country’s fastest-growing and in-demand downtown districts. Located at the gateway to the vibrant River North neighborhoods, the building gives professionals an easy walk-to-work lifestyle and is also just steps from mass transit options for access to the entire city. Residents can venture to the Chicago Riverwalk, which is directly in front of the property; the nearby Chicago theatre district; and a multitude of dining, shopping and nightlife options in the Loop and River North as well as along the Magnificent Mile. “Over the last few years the Loop has become a true 24-7 destination for residents because it offers everything they want – from immediate access to the city’s hottest restaurants and nightlife to practical necessities like Target and Macy’s,” said Bailey. “But until now there wasn’t a luxury rental option to match the urban lifestyle in this area. OneEleven is catering to those who want the ultimate live-work-play experience in the heart of it all.” Residents will also enjoy a full suite of building amenities designed to enhance and complement their daily lives. Club OneEleven on floors 28 and 29 features 30,000 square feet of indoor and outdoor amenity space, including lounge areas, billiards and screening rooms, a fitness center, and an indoor spa pool with a retractable wall opening to a two-tiered sun deck and terrace complete with a fire pit, private cabanas and outdoor kitchens. An on-site pet spa features an indoor play area, grooming station and outdoor dog run. The building also includes on-site Zipcars and electric car charging stations.
OneEleven continues Related’s commitment to world-class service, offering residents exclusive benefits through its RelatedStyle Services® program. Service amenities were created to enhance each resident’s lifestyle, including a service specialist available to field any request and offer move-in coordination services to manage every detail of a resident’s move – from selecting moving firms to scheduling the Related Technology Concierge to help with home technology installation and trouble shooting. The extensive service staff at OneEleven also includes a 24-hour concierge and doorman as well as package receiving and dry cleaning services.
The building also follows Related’s nationwide commitment to green and sustainable building. OneEleven was designed to meet LEED Silver certification standards, and the building will be 100 percent smoke-free when it opens.
OneEleven’s leasing center is now open at its sister property, 500 Lake Shore Drive. Rents at OneEleven begin at $1600 per month. For leasing information, call (312) 850-0111 or visit OneElevenChicago.com.
About Related Midwest
Related Midwest, the Chicago office of Related Companies, is the preeminent Chicago developer of luxury condominium and rental homes, affordable housing and unique mixed-use properties since 1988. Recognized for its innovative, market-defining developments, Related Midwest creates properties of enduring value such as 340 on the Park, the first LEED-Silver residential tower in the Midwest. Currently the most active player in Chicago development, Related Midwest has two ultra luxury rental developments totaling more than 1,000 residences in downtown Chicago: 500 North Lake Shore Drive (currently leasing) and 111 West Wacker Drive (currently pre-leasing with July 2014 move-ins). The firm is also marketing South Loop Luxury by Related, three marquee South Loop condominium properties. Among Related Midwest’s successes in the downtown Chicago area are The Residences on Lake Shore Park (comprising 840 Lake Shore Drive, The Pearson, and The Belvedere), the Park Hyatt Hotel and Park Tower Condominiums at 800 N. Michigan Avenue, and 340 on the Park at 340 E. Randolph Street.
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