Sterling Bay, Chicago’s premier real estate development firm, and Harrison Street, a leading investment management firm headquartered in Chicago, recently celebrated the structural completion of 1229 W Concord Place, a brand-new life sciences facility that will provide the city’s rapidly growing biotech community with much-needed lab space along the North Branch of the Chicago River. The topping out event was attended by Sterling Bay and Harrison Street’s project leadership teams, as well as partners at Power Construction and Gensler, who marked the milestone with a traditional beam-signing ceremony.
1229 W Concord Place is a 320,000-square-foot Class-A development that will house industry-leading companies seeking to conduct groundbreaking life sciences research in Chicago. Designed by Gensler, the building features ultramodern amenities and expansive outdoor gathering spaces to spur innovation and inspiration in the heart of Chicago’s newest neighborhood, Lincoln Yards. Conveniently situated within walking distance of The Steelyard, Lincoln Yards’ future lifestyle district, tenants of 1229 W Concord Place will have unparalleled access to The Steelyard’s dynamic restaurants, experiential retail and over 6.5-acres of sprawling park space for sports, fitness, and riverfront recreation.
Inspired by the vitality of the life sciences industry, 1229 W Concord is light, bright, and wellness driven. With open-air balconies on every floor, natural materials incorporated throughout, and a seamless integration with the Chicago River, 1229 W Concord Place brings in the best of the outdoors and prioritizes tenant health through its pursual of LEED Silver Certification, WELL Health-Safety Certification, and RESET Air Standard.
“Our team at Harrison Street is extremely excited about the exceptional offerings that 1229 W Concord Place will provide Chicago’s life sciences community,” said Mark Burkemper, Senior Managing Director and Head of North American Transactions at Harrison Street. “Tenants will benefit from highly competitive research facilities, quick access to a bustling urban lifestyle district, direct connections to the Chicago River and convenient proximity to several major public transit stations. It has all the amenities necessary to both achieve scientific discovery and enjoy a vibrant urban experience.”
1229 W Concord Place is expected to deliver to tenants in Q4 2022.
