111 West Wacker Drive is a 60-story, 504-unit “ultra-luxury” apartment tower that will include ground-level restaurant and retail space.
The development began in 2004 as Waterview Tower, a mixed-use 90-story tower slated to include a Shangri-La hotel and luxury condos. It stalled out in 2008 and went into foreclosure after reaching the 28th floor.
Related Midwest acquired the property in July of 2011 and began construction on its current incarnation in October of 2012, targeting occupancy for spring 2014.
The planned unit mix at 111 West Wacker includes studios, convertibles, one-, two- and three-bedrooms and penthouses. The apartments will have floor-to-ceiling windows and “premium-quality” finishes.
The recessed glass areas that ascend the building from its base to the penthouse level create opportunities for private balconies.
South-facing units on higher floors will have good views of the forest of Loop skyscrapers.
Some of the south-facing units below the 28th floor will have severely restricted views into an adjacent office tower.
Amenities, services, policies
The 28th and 29th floors will host residential amenities, including an indoor pool with an adjacent sun deck, a fitness center, and theater, game and party rooms.
The building will have on-site leasing and management staff and 24-hour door staff.
There will be 445 on-site garage parking spaces in two below-grade levels and the 4th through 14th floors.
111 West Wacker is planned for LEED Silver certification by the U.S. Green Building Council.
111 West Wacker has a very attractive location fronting the Chicago River at the north edge of the Loop.
Walk Score gives the location a Walker’s Paradise score of 100 and a Rider’s Paradise transit score of 100.
Shopping. Grocery shopping is one of the location’s weak points. The nearest full-service grocery, City Target, is a half-dozen blocks away and the grocery department is on the second floor. Mariano’s is nearly a mile to the east, about the same distance as the nearest Jewel or Dominick’s. The farmers market at Daley Plaza is a seasonal favorite.
Dining, nightlife. There are abundant options in the Loop, but many cater heavily to hotel guests, office workers and tourists. The thriving, dense and diverse River North restaurant, bar and nightlife scene is just across the Chicago River.
Parks, recreation. The expanding Chicago Riverwalk is just across the street from 111 West Wacker, but proximity to parks and outdoor recreational activities is not one of the building’s strengths.
Cultural attractions. 111 West Wacker is near many of Chicago’s top cultural attractions. The Loop’s theatre district is just south of the property. The Art Institute, Lyric Opera and Chicago Symphony are a few minutes away.
Transportation. Public transportation is excellent. The CTA El stop at State and Lake is near the property and serves 5 different routes, including Orange Line access to Midway Airport. The nearby Pedway enables all-weather access to the Red Line and the Blue Line to O’Hare Airport. CTA bus routes in the area provide citywide connections.
Many residents will consider cabs their preferred form of public transportation, and taxi service is near-instantaneous at the property’s front door. IGO and zipcar car-sharing locations are within a block of the property.
See YoChicago’s Guide to renting in Chicago’s Loop and New East Side and our at-a-glance list of downtown apartments for additional options and tips.
111 West Wacker in the news
More recent items are listed first.
Waterview Tower back in play SkyscraperPage forum Waterview Tower rises from the grave Unfinished Waterview sells for $26 million Waterview Tower, Wikipedia YoChicago’s coverage of Waterview Tower
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