Another 200,000 sf of renovated space will be added in SoGo's second phase. SoGO Partners has kept the industrial character of the buildings, including exposed bricks. Glass and steel may be added to the exteriors, however.
"My vision was to transform these buildings, which are situated on the border of a planned manufacturing zoning district, from the manufacture of products to the manufacture of ideas and concepts," said Steve Mendes, managing partner of SoGO Partners, which developed the property. "Chicago is well positioned to support its own high-tech office community similar to those flourishing in other markets, like Mission District in San Francisco and DUMBO in New York City."
Lease rates begin at $13 psf gross for a building designed for start-up companies to $21 psf in a ready-to-go, all-timber building, Gross said. A third building, which will see asking rents of $21-$22 psf, will become available in six months after the relocation of an industrial tenant, he added.
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