ChicagoDowntown / Loop

OneEleven apartments, 111 W Wacker Dr, Loop

by Joe Zekas on 9/16/13

OneEleven 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. First occupancies began in the summer of 2014.

The development team included Related Midwest as the developer, Handel Architects, Kara Mann as the interior designer and Lend Lease as the primary contractor.

The apartments

The unit mix at OneEleven includes studios, convertibles, one-, two- and three-bedrooms and penthouses. The apartments 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.

Floor plans and near real-time rent and availability info can be accessed online.

Views. North-facing units enjoy spectacular unobstructed views east and west along the Chicago River and north into the River North and Gold Coast neighborhoods.

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 host residential amenities, including an indoor pool with an adjacent sun deck, a fitness center, and theater, game and party rooms.

OneEleven has on-site leasing, maintenance and management staff and 24-hour door staff.

There are 445 on-site garage parking spaces in two below-grade levels and the 4th through 14th floors.

OneEleven was planned to achieve LEED Silver certification by the U.S. Green Building Council.

Location

OneEleven has a very attractive location fronting the Chicago River at the north edge of the Loop.

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.

OneEleven residents have quick access to State Street shops and are only a few minutes from North Michigan Avenue’s Magnificent Mile shops.

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 OneEleven, but proximity to parks and outdoor recreational activities is not one of the building’s strengths.

Millennium Park and Grant Park begin six blocks to the southeast, but the Loop is otherwise a park desert.

Cultural attractions. OneEleven 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. A zipcar car-sharing location is on-site.

I-90/94 and I-290 can generally be reached within a few minutes.

The competition

OneEleven competes with a number of the newer luxury apartment towers in Streeterville, North and the Loop.

Condos are typically available for rent in Loop and New East Side buildings at lower rents than you’ll find in newer managed buildings.

See YoChicago’s at-a-glance list of downtown apartments for additional options.

OneEleven in the news

More recent items are listed first.

  • OneEleven sells at record price
  • 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
  • Share your take on OneEleven

    If you have lived at or visited OneEleven, and are not a real estate agent, add your thoughts in a comment. Comments are moderated, and commercial messages are not allowed.

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