111 Point celebrates ribbon cutting

111 Point, an office-to-apartment conversion at 111 W. Illinois, recently celebrated its opening with a ribbon cutting ceremony. The building has also already surpassed its 65 percent leased milestone. Developed by WindWave Real Estate and Path Construction, who is also serving as the project's general contractor, 111 Point has transformed a former office building that was previously occupied by Salesforce and WeWork.

“We have been thrilled with the market’s response to 111 Point,” said Jon Cordell, Managing Partner at WindWave Real Estate. “This adaptive reuse development seamlessly blends modern design with urban convenience, offering residents condo-quality finishes, an exceptional location, and a thoughtfully curated amenity package.”

With Pappageorge Haymes Partners serving as the architect, the plan calls for the conversion of office floors five through 10 into 153 residential units. The development will offer a mix of studio, one-bedroom, one-bedroom + den, and two-bedroom units. The apartments will feature 10- to 11-foot ceilings, expansive windows, generous walk-in closets, in-unit laundry, and large kitchens.

Resident amenities will include a state-of-the-art fitness center with cardio and strength-training equipment, an all-season outdoor wellness terrace complete with a sauna and hot tub, coworking spaces, and a resident lounge. 160 indoor bike parking spaces will be provided but no car parking will be included.  

“Creating a sanctuary in the heart of River North was our primary focus,” said Ric Krause, CEO/President at Path Construction. “Given the strong leasing momentum we've seen, we're proud to bring these new residences to one of Chicago's most vibrant neighborhoods.”

With Luxury Living leading the property's leasing and marketing efforts, 100 of its 153 luxury apartment residences have been leased since pre-leasing kicked off in April and the property first welcomed residents in May. Cushman & Wakefield is providing property management services.