DEVELOPMENT TEAM · PDF fileJOINT VENTURE PARTNER LENDER ... A UNIQUE DOWNTOWN EXPERIENCE...
Transcript of DEVELOPMENT TEAM · PDF fileJOINT VENTURE PARTNER LENDER ... A UNIQUE DOWNTOWN EXPERIENCE...
625 West Adams offers a truly unique CBD office experience. The building’s ideal location provides for unparalleled visibility, efficiency, openness, light and green space.
Designed by internationally renowned architect, Martin Wolf, FAIA, of Solomon Cordwell Buenz and Associates,the building’s design caters to the brand and culture of America’s premier Fortune 500 and privately held companies. The large, highly efficient floorplate addresses corporate America’s mandate for capacity, cost efficiency and collaboration.
625 West Adams’ location and design embraces people spaces and green spaces with sustainable infrastructure that promotes productivity, business continuity, employee well-being and a reduced eco footprint. A more efficient way to work, 625 West Adams will include a 400-car parking garage and is within 3 blocks of both Ogilvie Transportation Center and Union Station.
BUILDING625 West Adams is a high-performance, LEED certified office building
LOCATIONSE corner of Adams and DesPlaines streets in Chicago’s West Loop
A UNIQUE DOWNTOWN EXPERIENCE WHERE BEAUTY MEETS BUSINESS
PROPOSED BUILDING SIZE20 Stories, 438,184 RSF
TYPICAL OFFICE FLOOR32,000 RSF high-efficiency floorplates
North Elevation East ElevationSouth ElevationWest Elevation
OFFICE
PARKING
RETAIL
OFFICE LOBBYAUDITORIUM / CONFERENCE
AUDITORIUM / CONFERENCE
OFFICE
PARKING
OFFICE LOBBY
OFFICEOFFICE
PARKINGPARKING
RETAIL
OFFICE LOBBYAUDITORIUM /CONFERENCE
ACCESSIdeally located just 1.5 blocks from Union Station, 2.5 blocks from Ogilvie Transportation Center, 1 block from the Kennedy Expressway and 3.5 blocks from CTA train lines
THE 625 WEST ADAMS ADVANTAGEAccess • Identity • Views • Flexibility • Green Space
Southeast View
IDENTITYSurrounded by low to mid-rise buildings offering unparalleled visibility, identity and views.
VIEWSUnobstructed 360° views of the city.
FLEXIBILITY32,000 square foot highly efficient floors.
GREEN SPACEA dedicated park at your front door.
South View Facing Adams Street
PUBLIC PARKDirectly across from the entrance of the property offering a truly unique amenity for tenants.
COMFORTIndoor/outdoor public areas that invite interaction.
GLASS EXTERIORGlass exterior promotes light transitions.
OPENESS, LIGHT AND AIR
NATURAL LIGHTNatural light raises productivity, lowers energy costs.
COVERED PLAZACovered plaza surrounding lobby at the north and east.
LOBBY
RETAIL
NETPOP/IT/DATAROOM
PARKINGLOBBY
ALLEY
ALL
EY
ELECT.RISER RM
METERROOM
LOADINGDOCK
ELECROOM
COMEDVAULT
SE
RV
ICE
LO
BB
Y
ADAMS STREET
DE
SP
LAIN
ES
STR
EE
T
FIREPUMPROOM
RAMPPARKING
ENTRY/EXIT
ATS
CONFERENCE CENTER/AUDITORIUM
MAIN LOBBYExpansive 25’ high lobby covering the entire north portion of the building and oriented directly across for public park with floor to ceiling glass allowing plenty of natural light
ELEVATOR LOBBYDual access to elevator tower allowing for private elevators for anchor tenant
SECURITY24-Hour manned security
RETAIL2,500 RSF Ground Floor retail with access from Lobby and Adams Street
ELEGANCE
West Entry Facing DesPlaines Street
CONVENIENCECORPORATE CENTER - AUDITORIUM
18,000 SF on Ground and Mezzanine level, available for corporate functions.Large auditorium on ground level & the mezzanine level
1,500 person capacity
UP
UP
UP
UP
UP
DN
UP
DN
DN
UP
0' - 0"
0' - 0"
0' - 6"
0' - 6"
0' - 6"0' - 6"
0' - 0"
E12
E12
E12
E12 E12
E12
E2
E2
E2
E2
E2
E2
0' - 0"
0' - 3"
0' - 6"
0' - 6"
625 CONFERENCE / AUDITORIUM CENTER836 Seats
METERROOM
PRE-FUNCTION
STORAGE
TOILETS TOILETS
KITCHEN
STORAGE
COATROOM
COATROOM
ELEV.
ELEV.EQ.ROOM
ADDITIONAL MEETING SPACE
STORAGE
MECH.
OPEN
TOILETS TOILETS
OFFICE
STORAGE
LOUNGE
STORAGE
BALCONY203 SEATS
J.C.
STORAGE
3/32" = 1'-0"1 Level 1 3/32" = 1'-0"2 Level 1M
STORAGE
18,000 SF on Ground and Mezzanine level, available for corporate functions.Large auditorium on ground level & the mezzanine level
1,500 person capacity
CONVENIENCECORPORATE CENTER - AUDITORIUM
West Entry Facing DesPlaines Street
PARKING
400 stall public parking garage. Entrance directly off lobby on Des Plaines StreetIngress/Egress on Des Plaines Avenue
• 7th floor conference center• Wi-fi lounge for portability• Fitness center• Barista and Wine Bar within entertainment lounge• Outdoor terraces
A COMPELLING WORK ENVIRONMENT
© 2015SOLOMON CORDWELL BUENZ
625 W. ADAMS | SCHEMATIC DESIGN PRESENTATION | 7TH FLOORXXXXXXXXX
OCTOBER 19, 2016
FLOOR PLAN | OPTION B
FLOOR PLANS
MANAGEMENT 1,210 SFPATIO 1,546 SF
AMENITIES 8,607 SF
TOTAL 11,363 SF
SPACE 1 13,160 SF
581 SFWOMEN
2529 SFCONFERENCE
1020 SFLOUNGE
1142 SF
JUICE BAR/LOUNGE
1754 SF
FITNESS
586 SF
MEN
10/4/2016
SPACE 1 11,985 SFSPACE 2 2,433 SF
MANAGEMENT 1,240 SFPATIO 1,546 SF
AMENITIES 9,481 SF
TOTAL 12,267 SF
10/19/2016_OPT 1
SPACE 1 13,160 SFSPACE 2 0 SF
TOTAL 14,418 SF TOTAL 13,160 SF
OPT 1_DIFFERENCE FROM10/4/2016
STRETCHAREA
CYCLE STORAGE
BOO
TH S
EATI
NG
OPE
N O
N B
OTH
SID
ES W
ITH
TR
ELLI
S TO
P
1020 SFLOUNGE
MANAGEMENT +30 SFPATIO 0 SF
AMENITIES +874 SF
TOTAL +904 SF
SPACE 1 + 1,175 SFSPACE 2 -2,433 SFTOTAL -1,258 SF
272 SF
FURN CL.
102 SF
OFFICE
103 SFOFFICE
303 SF
CONFERENCE211 SFBREAK
86 SF
AV. CL.
56 SFJAN. CL.
433 SF
RECEPTION
MANAGEMENT 1,240 SFPATIO 1,546 SF
AMENITIES 9,135 SF
TOTAL 11,921 SF
10/19/2016_OPT 2
SPACE 1 13,160 SFSPACE 2 0 SFTOTAL 13,160 SF
MANAGEMENT +30 SFPATIO 0 SF
AMENITIES +528 SF
TOTAL +558 SF
SPACE 1 + 1,175 SFSPACE 2 -2,433 SFTOTAL -1,258 SF
OPT 2_DIFFERENCE FROM10/4/2016
STORAGE
388 SFYOGA
581 SFWOMEN
586 SF
MEN
CYCLE STORAGE
OPEN OFFICE
ELEVATOR LOBBY
RESTROOM
OPEN OFFICE
ELEVATOR LOBBY
RESTROOM
11th & 19th Floor Private Deck SpaceTypical 32,000 RSF Floorplate
EFFICIENT SPACE PLANNING ALTERNATIVESDense Corporate User - 168 work stations per floor~184 sq. ft per person.
EFFICIENT SPACE PLANNING ALTERNATIVES
ELEVATORLOBBY
1307
SERVICE ELEV.VESTIBULE
1301
COMED PULL RM1306
ELEC
1305
IT
1304
MEN
1303
WOMEN
1302
STAIR 2ST2
STAIR 1
ST1DN
UPDNUP
COPYCOPY
PANTRY CHAT
CHAT
CHAT
CHAT
CHAT
CHAT
CHAT
CONFERENCE CONFERENCE
CONF
CONFERENCEIDF
CHAT
CHAT
CHAT
CHAT
CHAT
CHAT
CHAT
CONF WORKROOM
PH
PH
PH
PH
PH
PH
PH
PH
PH PH
PH
PH
PH
PH
PH
PH
PH
PH
PH
WORKROOM
QUIETZONE
COLLAB COLLAB
CREATIVEWORK
COLLAB
FLOOR
WORKPLACEWORKSTATIONSRECEPTION SEATSTOTAL
SUPPORT SPACESBOARD ROOMLARGE CONFERENCEMED CONFERENCECHAT ROOMPHONE BOOTHMOTHER'S ROOMCOLLABORATIONCAFECOPYPANTRYCOATSRECEPTIONTRAININGCHILL OUT/AUDTECH HUBMAIL ROOMPROJECT ROOMWORK ROOM
DEDICATED SPACESIDFSTORAGE
FLOOR13
2340
234
04314190501100000002
10
FLOOR19
022
1220100110001111000
00
NORTH
E16
E16
E16
E16
E16
E16
E16
E16
E16
E16
E5
E5E5 E5
E16 E16
E17
E17
E17
E5
E5
E5
E5
E5
E5
E5
E5
E5
ELEVATORLOBBY
1907
STAIR 1
ST1SERVICE ELEV.
VESTIBULE
1901
COM ED
1906
ELEC
1905
IT
1904
MENS1903
WOMEN
1902
STAIR 2
ST2
ROOF TERRACE
1909
DNUPDN
UPTRAINING
TECH HUB
CAFE
COLLAB
PHONE
PHONE
PHONE
PHONE
CONFERENCE CONFERENCE
CONFERENCE
CONFERENCE
CONFERENCE
PHONE
RECEPTION
FLOOR
WORKPLACEWORKSTATIONSRECEPTION SEATSTOTAL
SUPPORT SPACESBOARD ROOMLARGE CONFERENCEMED CONFERENCECHAT ROOMPHONE BOOTHMOTHER'S ROOMCOLLABORATIONCAFECOPYPANTRYCOATSRECEPTIONTRAININGCHILL OUT/AUDTECH HUBMAIL ROOMPROJECT ROOMWORK ROOM
DEDICATED SPACESIDFSTORAGE
FLOOR13
2340
234
04314190501100000002
10
FLOOR19
022
1220100110001111000
00
PARKING & PUBLIC TRANSPORTATION
Future Parking infillDevelopment over90/94 from Adams toWashington
Clinton OgilvieTrans.Center
90 /94 /290
408 CarGarage on Site
ChicagoUnion
Station
Quincy / Wells
6.5 Blocks
Clinton
4.5 Blocks
1.5 Blocks
Loop
3.5 Blocks6 Blocks
KennedyExpressway
I-90
1 Block
NEIGHBORHOOD DINING OPTIONS (5 Blocks = 72 Restaurants)
1
219202122
323242526
40
57
55
58
61
59 60
5654
53525149 50
4844
45 46 47
414243
4
38
29
30
31
32
3334353637
3927 28
5
1015
6
11 16
7
12
178
13
18
9
14
62
64
6869 70 71
72
67
6665
63
72 Restuarants
HOP (TWO BLOCKS OR LESS):
Al’s BeefStarbucks Epic BurgerLou Mitchells Jamba Juice Gold Coast DogsAuntie Anne’s Pretzels Robinson’s Ribs Starbucks Au Bon Pain Uno’s PizzaSandella’s Flatbread Café The Junction Pub
Kelly’s Cajun GrillCorner Bakery Jamba Juice Dunkin Donuts McDonaldsNaansenseJimmy John’s Dunkin DonutsChipolteDylan’s Tavern & GrillSubwayI Dream of FalafelHannah’s Bretzel
Meli Cafe Gyro MenaMr. Greek GyrosRoditysAthena RestaurantGreek IslandsSantoriniPegasus RestaurantDugan’sToppers PizzaStarbucks
Pan Hellenic Cafe9 Muses Five Guys Blackwood Barbeque Blaze Pizza Potbelly’sJamba Juice Subway
SKIP (THREE TO FOUR BLOCKS):Corner Bakery McDonaldsFreshii Simply Greens Panda Express Dunkin DonutsBenjYeuda Yolk
Venice CafeCaffe Baci RotiSpecialty’s Cafe & BakeryBoston Blackie’s Pret A Manger Protein Bar Arturo’s Express
JUMP (FIVE BLOCKS PLUS):Girl and the GoatBar SienaSoho HouseRM Champagne SalonGreen Street Smoked MeatsParlor Pizza
Haymarket PubSaleroBlackbirdAvecSepia
35
36
37
38 46 54
39 47 55
40 48 56
41 49 57
42 50 58
43 51 59
44 52 60
45 53 61
1
2
3
4
10
7
13
5
11
8
14
6
12
9
15
16
17
23
20
26
18
24
21
19
25
22
67
64 70
62 68
65 71
63 69
66 72
27
28
29
30
33
31
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32
DYNAMIC WEST LOOP NEIGHBORHOOD
PUBLICAN
PARLOR PIZZA
AU CHEVAL
SOHO HOUSE
DIVVY BIKE SHARE
THE AVIARYMOMOTARO
ARTOPOLISGIRL & THE GOAT
GREEN STREET SMOKED MEATS
BAR SIENNA
FLOYD’S 99 BARBERSHOP
MARIANO’S FRESH MARKET
NEWLY RENOVATED MORGAN CTA STATION
WHOLE FOODS
DEVELOPMENT MILESTONES4 Zoning: Fully entitled and approved.
4 Architecture: Fully designed building with 100% DD drawings.
4 GMP: Fully negotiated.
4 Financing: Fully executed and negotiated JV with USAA to proceed on a spec basis.
4 Debt: Fully executed development agreement with Bank of the Ozarks, a $9.4 billion, 120 year-old financial institution that has over 1,600 employees nationwide to provide 100% construction financing.
4 Pre-Leasing Requirement: 0% (Speculative Construction).
4 Permitting: All site logistics approved and foundation permit issued.
4 Closing/Construction Start: May 21, 2016.
Completion: 100% Completion end of 1st Quarter 2018.
Tenant Work: 4 to 6 months prior to completion.
DEVELOPMENT TEAM COMBINED PROJECTS
Since 2010, White Oak Realty Partners andCA Office have developed or aquired over 2.5 billion square feet in office properties.
USAA• Highest possible ratings for financial strength from all three major credit rating agencies
A.M. Best, Moody’s and Standard & Poor’s; • Strong and growing with over 11 million members; Over $220 billion in AuM
USAA REAL ESTATE COMPANY• Formed in 1982 as the real estate investment management arm of USAA• Approximately $15 billion owned & managed diversified real estate portfolio • Open-End, Private Funds, and Separate Account Investments • Co-Investment with over 60 foreign and domestic institutional partners • Over 60 million square feet of investment properties• Eight offices in major metropolitan markets throughout the United States and one office in
Europe• Focused on enhancing value through ownership, leasing, asset positioning, operating cost
reduction, and development strategies for core and value-add accounts• Reputation for service excellence, high tenant retention• Extensive development expertise • Winner of the “Energy Star Sustained Excellence Award” for the past 13 years
USAA REAL ESTATE TEAMReal estate and management professionals with extensive experience in all facets of the industry focused on delivering timely and cost effective solutions that add value for clients.
For leasing information contact:
Tom SalettaWhite Oak Realty [email protected]
John DempseyChief Operating Officer/Principal CA Ventures / Vanderbilt [email protected]