BY THE NUMBERS
CHICAGO—The CBD here did not see any new construction for years after the recession. But now, developers are forging ahead with big plans. According to a third quarter market beat report from MBRE, four significant office projects are underway will add an additional 2.1 million square feet in 2018: 151 N. Franklin, 625 W. Adams, 1045 W. Randolph, and 210 N. Carpenter. And the long-anticipated redevelopment of Chicago's Old Main Post Office will add approximately 2.45 million square feet to Chicago's inventory. Two recent tenant commitments should spark proposed projects that total 1.85 million square feet. The first, Bank of America, agreed to lease 530,000 square feet of the 1.35 million square foot tower planned for 110 N. Wacker, and WPP Group signed a lease for 253,000 square feet of the 500,000 square foot project planned for 333 N. Green in Fulton Market.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
