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 occupancy is currently slated for July 1, 2014.

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

The apartments

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.

Floor plans and further details are not publicly available at this time.

Views. North-facing units will 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 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.

Location

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.

A Walgreen’s Pharmacy is a block west of Randolph Tower, and a CVS Pharmacy is a block south.

111 West Wacker residents will 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 111 West Wacker, 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. 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.

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

The competition

When it opens 111 West Wacker’s most direct competitors are likely to be the new towers at 500 Lake Shore Drive, 435 North Park Drive, Optima Center, AMLI River North and Hubbard Place.

At the margins it will also compete with recently-completed rental buildings in Streeterville, North and the Loop.

You might also consider condos for rent in Loop and New East Side buildings – they’re occasionally available at sharply lower rents than you’ll find in the rental buildings.

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
  • Share your take on 111 West Wacker

    If you have visited 111 W Wacker, 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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