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Old July 2nd, 2006, 06:07 AM   #1
Kngkyle
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CHICAGO | 300 North LaSalle | 785ft | 60 fl | Com

Height: 785 ft
Floor count: 60
Location: North LaSalle and Chicago River
Construction end: 2009
Architect: Pickard Chilton Architects, Inc.
Development firm: Hines Interests LP


Website







The site (it will be replacing a lovely 2 story parking garage):


Last edited by i_am_hydrogen; October 8th, 2007 at 10:39 PM. Reason: Added oroject info.
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Old July 2nd, 2006, 06:09 AM   #2
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Yessir
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Old July 2nd, 2006, 07:50 AM   #3
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thats a nice looking box building
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Old July 2nd, 2006, 08:05 PM   #4
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I love this building. It has that "Chicago" style to it.
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Old July 3rd, 2006, 12:01 AM   #5
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This is great! I love the facade.
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Old July 3rd, 2006, 12:20 AM   #6
Kngkyle
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600,000sqft already rented:

Quote:
(CHICAGO, IL) - The Chicago office of Hines, the international real estate firm, announced today that the international law firm of Kirkland & Ellis LLP has signed a 600,000-square-foot lease, and will serve as the anchor tenant for 300 North LaSalle, a new downtown office tower to be developed by Hines. Located on the north bank of the Chicago River, the 60-story, 1.3-million-square-foot tower will break ground in Spring 2006. Upon project completion in early 2009, Kirkland & Ellis will relocate its 1,400 Chicago office employees to 300 North LaSalle from 200 E. Randolph Drive, where they have officed since 1973.

"We are fortunate to have partnered with a renowned developer on one of the last great development sites on the River, and are genuinely excited to provide a truly world-class new home for Kirkland lawyers and staff, one that will provide an environment in which the needs of our clients and people will be very well served," said Stephen G. Tomlinson, a partner at Kirkland.

The firm will occupy 24 floors in the low-rise and mid-rise sections of the building leaving more than 400,000 square feet of high-rise space for speculative leasing.

"Since the vacancy rate for high-rise space is about two percent, we feel confident that we can attract other premier users to the building," said Hines Vice President John McDermott.

Designed by the internationally recognized architectural firm Pickard Chilton, 300 North LaSalle will continue the extraordinary tradition of Chicago architecture. The tower will rise to 775 feet, making it one of the city's tallest buildings. The building's facade will be clad in richly articulated glass and stainless steel, maximizing the introduction of daylight and minimizing solar gain. With over 200 feet of frontage along the Chicago River, the building's outdoor plaza will feature a large waterfront cafe and significant seating areas directly adjacent to the river. Other building amenities will include a three-level, 225-car parking garage, an additional white-tablecloth restaurant, a fitness center, a conference center, a bank and a sundry shop.

"Chicago is the birthplace of the skyscraper," noted Jon Pickard of Pickard Chilton. "We are honored to contribute to the vitality of this great American city."

"300 North LaSalle is designed to meet the sophisticated and dynamic requirements of Kirkland & Ellis," said Greg Van Schaack, a senior vice president in Hines' Chicago regional office. "The building will provide superior planning flexibilities, an abundance of natural light and views, as well as an array of amenities."

Hines also stated that it intends to achieve LEED certification from the U.S. Green Building Council, which would establish the building as a major sustainable design development. Hines' most recent Chicago development, One South Dearborn, was pre-certified LEED Silver for its green design features.

Kirkland & Ellis was represented in the strategic planning process leading to the lease transaction by a team comprised of: Steve Stratton and Jock Howland from The Staubach Company; the architectural firm of Skidmore Owings & Merrill, which has worked closely with Kirkland on design matters relating to the building and the space to be occupied by Kirkland; and David Crowell of The Rise Group, who will act as project manager on Kirkland's behalf.

"The new building truly is a reflection of Kirkland & Ellis. After thoughtfully evaluating multiple workplace scenarios, the Space Committee defined an ideal building's size and floor plate, then considered every viable development site, and finally selected Hines and its property based on location and their ability to create a world-class building to house the firm in a flexible and cost efficient workplace for the next 20+ years," said Steve Stratton, president of The Staubach Company's Chicago office.

Hines was represented in lease negotiations by Van Schaack and McDermott.

Established in Chicago in 1908, Kirkland & Ellis also has offices in San Francisco, London, Los Angeles, Munich, New York and Washington, D.C. The law firm employs 1,000 attorneys representing global clients in complex restructuring, corporate, litigation and intellectual property.

Pickard Chilton is noted for its expertise in the design of corporate and professional office buildings. Recently completed projects include: 1180 Peachtree, a 50-story skyscraper in Atlanta for Hines, and the CalPERS Headquarters Complex in Sacramento. Pickard Chilton maintains a global practice. The firm is currently designing corporate headquarters and skyscrapers in Houston, Montreal, Kuala Lumpur and Shanghai. Prior to founding Pickard Chilton, Jon Pickard was Senior Associate with Cesar Pelli & Associates and collaborated with Mr. Pelli on landmark projects including the Petronas Towers in Kuala Lumpur, Malaysia.
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Old July 3rd, 2006, 12:39 AM   #7
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Looks great. Any construction pics?
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Old July 3rd, 2006, 12:45 AM   #8
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Bvictor got a picture of it from June 30th its on emporis. ;\
Copywrited.

Last edited by Kngkyle; July 3rd, 2006 at 04:39 AM.
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Old July 3rd, 2006, 01:00 AM   #9
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Sorry, double post.
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Last edited by jpq21; July 3rd, 2006 at 01:13 AM.
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Old July 3rd, 2006, 02:11 AM   #10
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Now that's how you do a box. Very well done Chicago.
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Old July 3rd, 2006, 05:37 AM   #11
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That's a nice box, if I've ever seen one.
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Old July 3rd, 2006, 06:25 AM   #12
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Quote:
Originally Posted by Kngkyle
Bvictor got a picture of it from June 30th its on emporis. ;\
Copywrited.
Well seeing as I am a member of this forum, I have no problem posting my pics here

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Old July 3rd, 2006, 06:39 AM   #13
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didn't think you would mind, but the picture on emporis has the watermark on it so it would be pretty obvious. :p

oh and thanks, added it.
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Old July 3rd, 2006, 07:09 AM   #14
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i love it
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Old July 3rd, 2006, 01:01 PM   #15
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Wow! I like the facade, Great building!
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Old July 3rd, 2006, 01:32 PM   #16
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its a monster. great box. very chicago. its higher then any bldg in Sydney.
cheers
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Old July 3rd, 2006, 01:57 PM   #17
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looks like the times building in NY. which isnt a bad thing.
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Old July 3rd, 2006, 06:40 PM   #18
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Another pic, think this one is from the 27th or so. ;\
Wouldnt mind a pic from July!

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Old July 6th, 2006, 12:35 AM   #19
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::

Quote:
Hines finds familiar backers for 300 N. LaSalle St.

Developer Hines Interests LP has turned to some familiar partners to finance construction of 300 N. LaSalle St., the 60-story, riverfront skyscraper anchored by Kirkland & Ellis LLP.

New York-based JPMorgan Chase Bank issued a $310 million construction loan for the 1.35-million square foot tower, according to property records filed last month.

That loan is more than twice the $140 million loan that Bank One issued in 2003 to finance 1 S. Dearborn St., the 828,500-square-foot tower anchored by rival law firm Sidley Austin LLP.

JPMorgan took over that loan as part of the 2004 merger of its parent company and Chicago-based Bank One Corp. Hines completed the 40-story structure last year.

Meanwhile Barrington investor Marvin Herb, who provided financing for the Dearborn Street tower, is providing a mezzanine loan for the Kirkland building, sources say.

But unlike 1 S. Dearborn, Houston-based Hines isn’t looking outside the company for investors in its most recent Chicago development. An undetermined amount of equity is being contributed by several Hines affiliates, including Hines Holdings Inc., owned by Jeffrey C. Hines, chairman of the development firm, public records show.

Gregory Van Schaack, senior vice-president in Hines' Chicago office, declines comment on Herb’s investment.

In August, Kirkland signed a 20-year lease, starting March 1, 2009, for 675,000 square feet of space, a little more than half of the building. As a part of the deal, the law firm has four options to extend the lease, with Kirkland determining whether each extension will be for five or 10 years, according to a summary of the lease.

Hines hasn’t signed up another tenant since the Kirkland deal, one of the largest leases in the history of the downtown market.

Nonetheless, Van Schaack says he’s encouraged. “2009 tenants are out shopping,” he says.
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Old July 25th, 2006, 10:15 AM   #20
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Read on SSP that construction would not be legit underway till next month. Pickard was (I think) Pelli's understudy, and it really shows.
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