Ivanhoé Cambridge, one of the 10 largest real estate companies in the world, and co-investor and developer Hines, announced the start of construction of River Point, a development including a 45-story office tower and a 1.5-acre public park in downtown Chicago’s West Loop. The project is being developed with land partner Larry Levy.
Designed by architectural firm Pickard Chilton, River Point will contain approximately 83,600 square metres (900,000 square feet) of leasable space, is pre-certified LEED Gold, and will be ready for initial occupancy in 2016.
“This is a momentous day for the City of Chicago, as this is the first office building to come out of the ground in Chicago in years,” said Mayor Rahm Emanuel at the groundbreaking.