Ultramodern River Point Tower Opens in Chicago

Hines’ 1.4 million-square-foot downtown property is the first office tower to open in the city in eight years.
River Point Tower in Chicago, rendering
River Point Tower in Chicago, rendering

Chicago—Leandlease recently celebrated the grand opening of River Point, Chicago’s largest and most anticipated commercial real estate project since 2009.

Construction at the 52-story ultra-modern office tower kicked off in early 2013 as a $400 million joint venture between Hines, Canada-based real estate investment firm Ivanhoé Cambridge, and local business leader Larry Levy. Lendlease provided construction management services for the 1.4 million-square-foot project, while Pickard Chilton Architects designed the building.

Located on 2.5 acres at 444 W. Lake St. in the West Loop, on the banks of the Chicago River, River Point features world-class architecture, efficient interior design and outstanding views of the Chicago Riverwalk and the 1.5-acre plaza that is also part of the project. The Class A office tower was LEED Gold (Core and Shell) pre-certified in 2008.

According to Yardi Matrix data, River Point offers column-free floor plates of 26,000 square feet on floors nine through 50 and 15,000 square feet of retail space on the first four floors, while floors 51 and 52 are dedicated to mechanical equipment and systems. Tenant amenities include 150 parking spaces in a multi-level garage, state-of-the-art technology, conference center, fitness center, 20 elevators, three-story lobby, and a 10,000-square-foot Italian restaurant that spans two levels at the north side of the building.

Tenants at River Point include McDermott, Will & Emery, DLA Piper—who recently signed a lease for 175,000 square feet of office space on seven fullfloors at the building—Servcorp, Morton Salt, Water Street Healthcare Partners, Harrison Street Real Estate Capital, Gallup and Levy Family Partners.

Image courtesy of Hines