McCaffery to Develop 140 KSF Office Building in Chicago
- Apr 26, 2017
McCaffery Interests recently approved final construction plans for a 140,000-square-foot speculative office development in Chicago’s Fulton Market neighborhood. Avison Young, through Principals Brad Despot, Michael Curran and Vice President Erica Rogers, will be responsible for marketing the office space. McCaffery Brokerage’s Allan Perales, Andrew Macafee and Giovanna Ventola will be marketing the retail space. With construction scheduled to begin this summer, Twelve01West is expected to be completed next year.
Located at 1201 W. Lake St., the seven-story property is two blocks away from the Morgan Street Green Line CTA Station and minutes away from the Interstate 90/94 Expressway. The penthouse level will include a wellness center, tenant lounge, locker rooms and access to a roof deck. The ground floor features 45 indoor parking spots, bike room, more than 11,000 square feet of retail space, as well as 20,000 square feet of landscaped green space. Area amenities include Marcello Ristorante, Alhambra Palace Restaurant and Vera Chicago. The building is designed by Antunovich Associates, while Eastlake Studio is in charge of the interior planning and design. This is the second project under development in the Fullton Market area for McCaffery Interests. The company is also developing 1115 W. Fulton Market, a 37,500-square-foot mixed-use asset located two blocks from Twelve01West.
“With the growth in this area, there is strong demand for Class A office space that caters to corporate tenants and those businesses that support them,” Curran said in prepared remarks.
McCaffery Interests recently secured a lease for a new fitness center that will open this fall in Grosvenor Americas’ F1RST mixed-use residential community in Washington, D.C.
Image courtesy of McCaffery Interests