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Industry News

19 Feb 2020

Chicago Developer, WeWork to Anchor New River North Building

Chicago Developer, WeWork to Anchor New River North Building
Lamar Johnson Collaborative/Midwest Property Group - Crain's Chicago Business

Fast-growing developer CA Ventures is nearly doubling the size of its downtown Chicago headquarters and joining WeWork at a boutique building under construction in River North.

CA Ventures confirmed it has leased about 60,000 square feet on five floors at 448 N. LaSalle Drive, a 12-story office building it is backing in a joint venture with local developer Jaime "Jay" Javors' Midwest Property Group.

CA Ventures will move to the new building in mid-2021 from One Prudential Plaza, where it leases a little more than 35,000 square feet on two noncontiguous floors.

The lease on floors two through six of the new building helps anchor the 172,000-square-foot property, which is going up at the corner of LaSalle and Illinois Street. Co-working provider WeWork has inked a deal for 63,000 square feet on the building's top four floors, planning to open the space in May 2021.

Read more at Crain's Chicago Business

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