OneEleven Surpasses 50 Percent Leased Milestone Six Weeks After Opening Its Doors

Brisk leasing pace at 60-story tower underscores strong demand for luxury apartments in Chicago’s Loop

(CHICAGO) August 20, 2014 – Related Midwest today announced that OneEleven, its 60-story ultra-luxury apartment tower at 111 West Wacker Drive, has surpassed the 50 percent leased milestone six weeks after welcoming its first residents.

Located at Clark Street and Wacker Drive, on the edge of the city’s central business district, OneEleven features 504 apartments and 30,000 square feet of indoor and outdoor amenity space, offering residents a sophisticated living experience along the famed Chicago River.

“As OneEleven’s swift leasing pace indicates, Chicago renters have a strong desire to live in the Loop, which has emerged as one of the nation’s fastest-growing urban cores,” said Curt Bailey, president of Related Midwest. “By partnering with two of the country’s preeminent stars in architecture and design, we were able to deliver an eye-catching building that has been well-received by those looking for upscale rentals in the heart of the city.”

The building, designed by New York-based Handel Architects, with interiors by Kara Mann, marks Related’s second rental offering in downtown Chicago, following last year’s successful launch of 500 Lake Shore Drive, a 500-unit tower in Streeterville that is fully leased.

“We have seen continued demand for high-end apartments in the city’s best locations,” said Bailey. “Just like 500 Lake Shore Drive, which was built on one of the last remaining parcels along North Lake Shore Drive, OneEleven has filled a void along Chicago’s riverfront, transforming the closely watched site into a five-star residential tower where residents can experience downtown Chicago like never before.”

Apartments at OneEleven include studios, convertibles, and one-, two- and three-bedroom residences, including penthouses. Six decorated models by Kara Mann Design showcase the high level of finishes in the residences, which feature wide-plank flooring throughout living areas, Snaidero cabinetry, polished quartz countertops and white marble mosaic tile backsplashes in kitchens, 9- to 10-foot ceilings, spacious customized closets, stainless steel appliances, and full-size washer and dryer units.

In addition to an unrivaled address, steps from the central business district and popular shopping, dining and entertainment venues in River North and the West Loop, OneEleven offers a full suite of resort-like services and amenities, including Club OneEleven, located on the 28th and 29th floors of the building. Featuring more than 30,000 square feet of indoor and outdoor amenity space, Club OneEleven includes several lounge areas with floor-to-ceiling windows that offer sweeping views of downtown Chicago, billiards and screening rooms, a tech bar, men’s and women’s locker rooms, and a private fitness center overlooking the Chicago River. The amenity floors also feature an indoor spa pool with a retractable wall that opens to a two-tiered sun deck and terrace, complete with a fire pit, private cabanas and outdoor kitchens.

“Residents began moving into OneEleven during the peak of summer and have spent much of the season enjoying all of the outdoor spaces the building has to offer,” said Bailey. “The bi-level sun deck has been especially popular, and residents have been proud to show it off to family and friends – almost as proud as us.” On the 19th floor, residents can take advantage of a fully equipped pet spa, featuring a grooming station, indoor play area and outdoor dog run. The building also offers on-site Zipcars and electric car charging stations.   

OneEleven continues Related’s commitment to world-class service, offering exclusive benefits through its RelatedStyle Services® program. The building’s extensive staff includes a 24-hour concierge and white-glove doorman, as well as package receiving and dry cleaning services. Residents also have access to a Resident Service Specialist available to field any request and offer move-in coordination services, as well as a Technology Concierge who can assist with home technology installation and troubleshooting.

Designed to meet LEED Silver certification standards, OneEleven is 100 percent smoke-free, continuing Related’s commitment to creating sustainable and healthy living environments for its residents.

OneEleven’s on-site leasing center is open seven days a week from 10 a.m. to 6 p.m. Rents at the building start at $2,195 per month. For leasing information, call (312) 850-0111 or visit OneElevenChicago.com.

About Related Midwest
Related Midwest, the Chicago office of Related Companies, is the preeminent developer of luxury condominium and rental homes, affordable housing communities and mixed-use properties in Chicago.  Recognized for its innovative, market-defining developments, Related Midwest has reshaped luxury living in downtown Chicago through its two high-end apartment projects: 500 Lake Shore Drive and OneEleven. The firm is also marketing South Loop Luxury by Related, three marquee South Loop condominium properties. Among Related Midwest’s successes in the downtown Chicago area are The Residences on Lake Shore Park (comprising 840 Lake Shore Drive, The Pearson, and The Belvedere), the Park Hyatt Hotel and Park Tower Condominiums at 800 N. Michigan Ave., and 340 on the Park at 340 E. Randolph St., the first LEED Silver residential tower in the Midwest.