chi-farpoint2605_Lobby_HR_0006 (2) The new lobby will provide all the amenities and comforts of downtown locations.

CHICAGO—Historic buildings in the River North area, along with those in emerging neighborhoods like Fulton Market, have provided the CBD with a great deal of creative office space. And companies that need to attract the millennial generation have responded, filling up lofts and pushing down vacancy rates. That success has led Chicago-based Farpoint Development to bring this development strategy to the suburbs.

Founded in 2016 by a group of principals from Sterling Bay, the firm perhaps most identified with the transformation of the once-industrial Fulton Market, Farpoint and its partner Greco/DeRosa Investments just purchased the 6300 North River Road building in suburban Rosemont. And they plan to transform the property, built in 1969, into something unique.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.