{"id":1004355683,"date":"2019-09-26T04:30:33","date_gmt":"2019-09-26T12:30:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004355683"},"modified":"2019-10-01T11:08:52","modified_gmt":"2019-10-01T19:08:52","slug":"ground-breaks-on-270ksf-creative-office-project-in-chicago","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ground-breaks-on-270ksf-creative-office-project-in-chicago\/","title":{"rendered":"Tishman Speyer Kicks Off Chicago Creative Office Development"},"content":{"rendered":"<div id=\"attachment_1004355689\" style=\"width: 810px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago-1.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004355689\" data-attachment-id=\"1004355689\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ground-breaks-on-270ksf-creative-office-project-in-chicago\/320-n-sagamon-chicago-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago-1.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"320 N. Sagamon Chicago 1\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;320 N. Sagamon. Image courtesy of Tishman Speyer&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago-1.png?w=800\" class=\"wp-image-1004355689 size-full\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago-1.png\" alt=\"\" width=\"800\" height=\"620\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago-1.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago-1.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago-1.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><p id=\"caption-attachment-1004355689\" class=\"wp-caption-text\">320 N. Sagamon. <em>Image courtesy of Tishman Speyer<\/em><\/p><\/div>\n<p>Tishman Speyer is breaking ground today on 320 N. Sangamon St., a 270,000-square-foot creative office building in Chicago. Development of the project gets underway roughly one week after Tishman Speyer and co-developer Mark Goodman &amp; Associates revealed new renderings of the Solomon Cordwell Buenz-designed tower.&nbsp;<\/p>\n<p>Plans for 320 N. Sangamon first came to light in June 2018, when MGA <a href=\"https:\/\/www.commercialsearch.com\/news\/largest-us-passive-house-office-project-coming-to-chicago\/\">announced the project as 310 N. Sangamon<\/a>. In addition to having made a preconstruction address adjustment since the announcement, MGA welcomed Tishman Speyer aboard as a partner on the development, which will sprout up in the increasingly popular Fulton Market neighborhood. <em>&#8220;The Fulton Market area of Chicago is drawing a lot of interest from potential tenants, especially from the tech sector. We joined forces with MGA to take advantage of that growing demand for creative space with a partner who already had approvals in place to deliver the project ahead of others,&#8221;<\/em> a spokesperson for Tishman Speyer told <em>Commercial Property Executive<\/em>.<\/p>\n<hr>\n<p><strong>READ ALSO:<\/strong>&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/amazon-adds-70-ksf-at-chicago-tech-hub\/\">Amazon Adds 70 KSF at Chicago Tech Hub<\/a><\/p>\n<hr>\n<div id=\"attachment_1004355692\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004355692\" data-attachment-id=\"1004355692\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ground-breaks-on-270ksf-creative-office-project-in-chicago\/320-n-sagamon-chicago\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"320 N. Sagamon Chicago\" data-image-description=\"&lt;p&gt;320 N. Sagamon. Image courtesy of Tishman Speyer&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;320 N. Sagamon. Image courtesy of Tishman Speyer&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago.jpg?w=800\" class=\"size-medium wp-image-1004355692\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago.jpg\" alt=\"320 N. Sagamon. Image courtesy of Tishman Speyer\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004355692\" class=\"wp-caption-text\">320 N. Sagamon. Image courtesy of Tishman Speyer<\/p><\/div>\n<p>320 N. Sangamon will offer a host of features envisioned to attract tech-oriented space users and provide them with the requisite cutting-edge accommodations, even as technology evolves in the years to come. The 13-story tower will also offer roughly 8,000 square feet of retail space, as well as talent-enticing extras ranging from a lounge and curated services to an open-air penthouse with a communal terrace and fire pit.<\/p>\n<p>And while the building will no longer be in line for Passive House certification as MGA had originally planned, it will still be a solidly green property. <em>&#8220;Tishman Speyer was an early major adopter of LEED certification and this project will fit in with our portfolio standards,&#8221;<\/em> added the spokesperson.<\/p>\n<h2>Expanding footprint<\/h2>\n<p>With 320 N. Sangamon, New York-based Tishman Speyer&#8217;s commercial real estate portfolio in Chicago will encompass nearly 8.7 million square feet. Many of its properties have become favorites of the tech industry, including the 905,000-square-foot office and retail building at 525 W. Monroe St., where LinkedIn <a href=\"https:\/\/www.commercialsearch.com\/news\/skender-delivers-linkedin-hq-expansion-in-chicago\/\">recently increased its occupancy<\/a>.<\/p>\n<p>The 1.5 million-square-foot The Franklin, home to Amazon&#8217;s newly expanded Chicago tech hub, is also part of the company&#8217;s holdings in the Windy City. <em>&#8220;We are a long-time investor in Chicago, and we believe the outlook for real estate is strong,&#8221;<\/em> the spokesperson said. <em>&#8220;We seek to take advantage of opportunities going forward.&#8221;<\/em> Tishman Speyer and MGA expect to deliver 320 N. Sangamon no later than the first quarter of 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In partnership with Mark Goodman &#038; Associates, the company is building a 13-story project in the coveted Fulton Market neighborhood.<\/p>\n","protected":false},"author":969,"featured_media":1004355692,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21782,13,21742,21747],"tags":[47171,44522,33224],"class_list":["post-1004355683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-development","category-midwest","category-latest","category-office","tag-mark-goodman-associates","tag-solomon-cordwell-buenz","tag-tishman-speyer"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tishman Speyer Kicks Off Chicago Creative Office Development - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ground-breaks-on-270ksf-creative-office-project-in-chicago\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tishman Speyer Kicks Off Chicago Creative Office Development\" \/>\n<meta property=\"og:description\" content=\"In partnership with Mark Goodman &amp; Associates, the company is building a 13-story project in the coveted Fulton Market neighborhood.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ground-breaks-on-270ksf-creative-office-project-in-chicago\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-26T12:30:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-01T19:08:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ground-breaks-on-270ksf-creative-office-project-in-chicago\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ground-breaks-on-270ksf-creative-office-project-in-chicago\/\",\"name\":\"Tishman Speyer Kicks Off Chicago Creative Office Development - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ground-breaks-on-270ksf-creative-office-project-in-chicago\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ground-breaks-on-270ksf-creative-office-project-in-chicago\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago.jpg\",\"datePublished\":\"2019-09-26T12:30:33+00:00\",\"dateModified\":\"2019-10-01T19:08:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ground-breaks-on-270ksf-creative-office-project-in-chicago\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/ground-breaks-on-270ksf-creative-office-project-in-chicago\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ground-breaks-on-270ksf-creative-office-project-in-chicago\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/320-N.-Sagamon-Chicago.jpg\",\"width\":800,\"height\":620,\"caption\":\"320 N. 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