CRE Midwest

Related Midwest's OneEleven surpasses 50 percent leased milestone six weeks after opening its doors

OneEleven-Exterior

Related Midwest's OneEleven, its 60-story ultra-luxury apartment tower at 111 West Wacker Drive, has surpassed the 50 percent leased milestone six weeks after welcoming its first residents.

Related Midwest's OneEleven, its 60-story ultra-luxury apartment tower at 111 West Wacker Drive, has surpassed the 50 percent leased milestone six weeks after welcoming its first residents.

Located at Clark Street and Wacker Drive, on the edge of the city’s central business district, OneEleven features 504 apartments and 30,000 square feet of indoor and outdoor amenity space, offering residents a sophisticated living experience along the famed Chicago River.

“As OneEleven’s swift leasing pace indicates, Chicago renters have a strong desire to live in the Loop, which has emerged as one of the nation’s fastest-growing urban cores,” said Curt Bailey, president of Related Midwest. “By partnering with two of the country’s preeminent stars in architecture and design, we were able to deliver an eye-catching building that has been well-received by those looking for upscale rentals in the heart of the city.”

The building, designed by New York-based Handel Architects, with interiors by Kara Mann, marks Related’s second rental offering in downtown Chicago, following last year’s successful launch of 500 Lake Shore Drive, a 500-unit tower in Streeterville that is fully leased.

“We have seen continued demand for high-end apartments in the city’s best locations,” said Bailey. “Just like 500 Lake Shore Drive, which was built on one of the last remaining parcels along North Lake Shore Drive, OneEleven has filled a void along Chicago’s riverfront, transforming the closely watched site into a five-star residential tower where residents can experience downtown Chicago like never before.”

Apartments at OneEleven include studios, convertibles, and one-, two- and three-bedroom residences, including penthouses. Six decorated models by Kara Mann Design showcase the high level of finishes in the residences, which feature wide-plank flooring throughout living areas, Snaidero cabinetry, polished quartz countertops and white marble mosaic tile backsplashes in kitchens, 9- to 10-foot ceilings, spacious customized closets, stainless steel appliances, and full-size washer and dryer units.