Chicago’s Top 10 Office Projects Currently Under Construction

Top Chicago Office Real Estate Construction Projects - Cawley Chicago

Chicago’s office real estate market is showing signs of renewed life after the initial effects of the pandemic, and real estate experts are cautiously optimistic about where the market is heading. A very positive sign is that there are still office real estate projects being constructed currently, and they are adding to the demand of inventory in the region.

Cawley Chicago pulls the Top 10 Office Projects Under Construction regularly to give an idea of the commercial real estate properties arising in the area.

Key Stats for Chicago Office Projects Under Construction

# of Properties: 28
Total Square Feet Under Construction: 7,000,181
Percent of Inventory Under Construction: 1.4%
% of Preleased Property Space: 48.9%

Top 10 Under Construction Office Projects in Chicago

1) Bank of America Tower – 110 N Wacker Dr

Rating: 5
Building Square Feet: 1,546,909
Stories: 155
Project Start Date: April 2018
Project End Date: September 2020
Developer / Owner: Riverside Investment & Development / The Howard Hughes Corporation

2) BMO Tower – 320 S Canal St

Rating: 5
Building Square Feet: 1,463,000
Stories: 50
Project Start Date: March 2019
Project End Date: January 2022
Developer / Owner: Riverside Investment & Development

3) Salesforce Tower Chicago – 333 W Wolf Point Plz

Rating: 5
Building Square Feet: 1,200,202
Stories: 59
Project Start Date: April 2020
Project End Date: March 2023
Developer / Owner: Hines

4) 167 N Green St

Rating: 5
Building Square Feet: 600,000
Stories: 17
Project Start Date: December 2018
Project End Date: November 2020
Developer / Owner: Shapack Partners / Walton Street Capital, LLC

5) 800 W Fulton St

Rating: 4
Building Square Feet: 480,490
Stories: 19
Project Start Date: October 2019
Project End Date: January 2021
Developer / Owner: Thor Equities

6) 320 N Sangamon St

Rating: 5
Building Square Feet: 301,979
Stories: 13
Project Start Date: November 2019
Project End Date: March 2021
Developer / Owner: Tishman Speyer

7) The Boler Company – Progress Pky

Rating: 4
Building Square Feet: 180,000
Stories: 8
Project Start Date: August 2019
Project End Date: October 2020
Developer / Owner: UrbanStreet Group, LLC / VennPoint Real Estate LLC

8) 448 N LaSalle St

Rating: 5
Building Square Feet: 174,599
Stories: 12
Project Start Date: February 2020
Project End Date: March 2021
Developer / Owner: Midwest Property Group, LTD / Latsko Interests

9) Hub Group Building 2 – 2000 Clearwater Dr

Rating: 4
Building Square Feet: 135,000
Stories: 4
Project Start Date: March 2020
Project End Date: September 2020
Developer / Owner: Not Listed / Hub Group, Inc

10) The Oxxford – 1220 W Van Buren Ave

Rating: 4
Building Square Feet: 129,732
Stories: 9
Project Start Date: December 2018
Project End Date: December 2020
Developer / Owner: The Missner Group Company / Avgeris & Associates, Inc

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