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Suburbs Now Getting Boutique Loft-Style Offices

The modern office buildings around O'Hare well-occupied, but Farpoint says it wants to provide something attractive to millennials.

By Brian J. Rogal | Updated on December 21, 2017

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.

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