The City of Chicago has approved the construction of 625 W. Adams St., a 20-story, 490,000-square-foot class A office building in Chicago’s West Loop.
The building is being developed by The Alter Group in partnership with White Oak Realty Partners LLC. Michael J. Alter, president of The Alter Group, and Richard Blum, managing principal of White Oak Realty Partners, announced the development. 625 W. Adams will be the first office building constructed in downtown Chicago in two years.
The building is currently a parking lot at the southeast corner of Adams and Des Plaines streets, said Tom Saletta, principal, White Oak Realty Partners. The project will include a 400-car parking garage, a conference center for up to 800 people and a fitness center as well as exterior terraces at both the 7th and 20th floors.
625 W. Adams was designed by Martin Wolf, FAIA, design principal/senior vice president with Solomon Cordwell Buenz and Associates of Chicago. When completed, the building will be submitted for LEED certification.
“By developing 625 W. Adams St., we will bring class A space to a proven office market within walking distance of the Ogilvie Transportation Center and Union Station at a time when several major tenants are looking for substantial space in a top-quality building when no large blocks of space are currently available,” said Matthew Ward, senior vice president, who is directing leasing for The Alter Group, in partnership with Saletta of White Oak.
“The building is uniquely positioned to attract the sophisticated, cost-effective corporate user that understands the numerous economic benefits of being in a high-performance office building with large floor plates.”