CRE N Illinois

Franklin Partners redeveloping One Mag Mile in Chicago

Franklin Partners redeveloping One Mag Mile in Chicago,ph1

Franklin Partners announced the redevelopment of One Mag Mile (980 N. Michigan Avenue), including transformative lobby renovations. Additional building improvements are planned and the developer recently hired a new building operations manager who will ensure that tenants receive the highest quality services and support.

The upgraded lobby will embrace the spirit of hospitality to welcome tenants and visitors alike to the prominent building. New finishes and modern lighting will enhance the building’s original architecture while offering a true sense of arrival. Franklin Partners is collaborating on the project with frequent partner Wright Heerema Architects, a Chicago-based architecture firm.

“We’re excited to revitalize this iconic building overlooking Oak Street Beach where the Mag Mile meets the Gold Coast,” said Ray Warner, partner, Franklin Partners. “Our experience shows that tenants crave a social, welcoming entrance reminiscent of hotel lobbies, as well as building-wide amenities to support their workplace experience. We’re thrilled to bring those features to One Mag Mile with sophisticated approachability.”

The property offers 400,000 square feet of office space and retail storefronts. Demonstrating the appeal of the building renovations for tenants, Berkshire Hathaway Home Services, Singerman Real Estate and The Realreal recently expanded their office footprints. Other recent office leases include Grass River Capital Markets, Skoog Productions and Kneen & Company.

Popular international juice chain, JOE & THE JUICE, recently opened a location at One Mag Mile, complementing existing retailers in the building, Spiaggia and Marshall Pierce. Later in 2019, tenants will be able to place large JOE & THE JUICE orders for their office and for events in the communal 6th floor conference rooms via an app. Phil Golding and Todd Seigel of CBRE brokered the lease for JOE & THE JUICE.

In addition to the physical changes in the building, Lori Brudzisz joined Franklin Partners in January 2019 as Operations Manager at One Mag Mile. Brudzisz is focused on delivering premium customer service in Class A buildings, with property management experience including LEED Platinum certification for existing buildings, oversight of an $11 million lobby and amenity floor renovation and the creation of extensive tenant engagement programming. She is an active member of BOMA Chicago, serving on the communications committee.