Friday, Crain’s Chicago reported about a new tenant leaving The Loop for 167 Green Street in the West Loop. We thought we’d share that news with you, as it provides a nice segue into updating construction progress on the new 17-story office tower from Shapack Partners.
167 Green Street in the West Loop is a cool construction site, and I’ve missed most of
it. It endeared itself to me by erecting a pair of tower cranes, and you know how appreciative I am of that effort. Alas, half of all good things must end, and 167 Green Street has taken down one of the luffing cranes from the job site.
However, it’s given something as well, in the form of the first row of glass around the outside of the tower. And ya still have one tower crane remaining, so there’s still a lot to watch here.
Built by the same team that brought us The Parker Fulton Market on the southeast corner of Lake and Halsted, 167 Green Street is a 17-story, 750,000-square-foot office tower at the corners of Lake and Halsted streets, and Lake and Green streets. Yeah, it’s a big footprint. Developed by Shapack Partners, and built by Focus, there will be 600,000 square feet of office space, 30,000 square feet of retail space on the ground and 2nd floors, and 125 parking spaces. Gensler is the design architect.
167 Green Street only has one of its tower cranes left. But one is all you need to lift the moon into place at night.
Shapack Partners and Focus Development, along with Walton Street Capital (that’s their name on the demo permit, not to mention the old “176 N. Halsted” signage) are building 167 Green Street, a 17-story office building designed by Gensler. To make room for the tower, buildings at 171 North Green Street and 170-172 North Halsted are being demolished. (167 Green is already gone; half of 170 is rubble as well, with only the north half of the building, 172 North Halsted, still standing as of Saturday.)
167 Green Street will deliver nearly 600,00 rentable square feet when it opens to office tenants in 2020. It will also include more than 30,000 square feet of retail space and parking for 130 or so cars. As an added feature, a pedestrian walkway accessing the retail spaces will connect Green Street to Halsted Street along the building’s street level.
As they did at The Parker, Focus Development will pull double duty on this one, acting as general contractor in addition to their co-developer role.