SALT DISTRICT ∆ CHICAGO
41.905848 ºN -87.659899 ºW 2 ∆ A New Destination WITH AN OLD SOUL
41.905848 ºN -87.659899 ºW Icon in the Making FIRST OF ITS KIND OFFERING IN THE NEAR NORTH OFFICE MARKET
1308 North Elston, a former light-fixture factory, has been transformed into a world-class working environment. With full floor and half floor opportunities in a high profile building visible to 400K+ commuters daily, this Class-A office location is sure to become an iconic landmark along the Kennedy Expressway.
4 ∆ 41.905848 ºN -87.659899 ºW High profile building in an easily accessible location away from the congestion of downtown.
N M LI W A U K E E A V E
N HALSTED STREET 8 163 Riders Per Day
ON UNION PACIFIC NORTH & NORTHWEST LINES
Morton Salt Development FUTURE ENTERTAINMENT/ CONCERT VENUE 73 952 Riders per Day 94 ON CTA BLUE LINE 90
W D I V I S I O N S T N WESTERN AVE
N ELSTON AVENUE 325 200 Cars per Day ALONG I-90/94
6 ∆ A Breath of Fresh Air
Large block availability with up to three contiguous floors and thoughtfully planned amenities create an opportunity for a wide range of tenants to spread their wings and find inspiration away from the congestion of downtown. N M LI W A U K E E A V E Building Highlights N HALSTED STREET 8 163 + Full and half floor opportunities Riders Per Day + Spectacular 32’ glass lobby ON UNION PACIFIC NORTH & NORTHWEST LINES + 12-14 foot ceilings + Exposed timbers
+ Potential to accommodate 50+ car parking
+ Private landscaped courtyard with a Morton Salt stand-alone amenity building Development + Easily accessed via car / ride FUTURE ENTERTAINMENT/ CONCERT VENUE 73 952 sharing or bike Riders per Day 94 ON CTA BLUE LINE + 30%+ more square footage at 90 the same price point as the West Loop / Fulton Market
W D I V I S I O N S T N WESTERN AVE + Core and shell delivery or full
N ELSTON AVENUE turn-key available 325 200 + Branding opportunity along Cars per Day Elston Avenue facing the massive ALONG I-90/94 Morton Salt Development, a future entertainment / concert venue
41.905848 ºN -87.659899 ºW Building Facts Building Height: 6 Stories Wide Open Year Built: 1914 Year Rehabbed: 2019
Building Type: Office
Building Class: A Spaces Building Size: 72,000 SF LIGHT FILLED, DRAMATIC Typical Floor Size: 12,000 SF Ceiling Heights: 12-14 FT
BRICK & BEAM OFFICE SPACE Parking: Available
8 ∆ Up to ±30,000 SF of office space distributed over three floors. Large, high-fidelity floorplates feature 12,000 SF divisible to 7,000 SF and 5,000 SF half floor options. Best-in-class infrastructure can accommodate a broad range of work styles, from open benching offices to closed office and meeting room facilities.
The spaces are light filled and airy with exposed original brick & wood beams. Unobstructed views through new industrial style windows on all sides and high ceilings provide tenants with plenty of breathing room.
41.905848 ºN -87.659899 ºW N ELSTON AVENUE P U
M FIRST WOMEN’S BANK S O N O E 2 R 0 M T 1 O S L E A W R
C 106 I 3 R 0 T 1 C E N P L U D E R O M 4 T O I 0 S 1 N O 1 N A R 0 E J T 1 M S E R A 5 T 0 A 1 D R D O 0 I 0 R 1 R O
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N D 2
1 1
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I COVERED R 1 2
2 A U
0 O T - T T R 1 S V S A
0 PASSAGE O E - V T L V E A E E L 2 V L 0 E E E L
E P OPEN OFFICE U
107 LOBBY
AMENITY SPACE First Floor Plan 1 0
Use: Office
EQUIPMENT FOR CELL TOWER/ BILLBOARD Lease Rate: Mid $20’s Net 3 0 W EVERGREEN AVENUE 4 COMED 0 SERVICE TRANSFORMER Lease Term: Negotiable 3
1 0 R - I 3 N A T T D S S
P COMED U SWITCHGEAR Max Contiguous RSF: ±7,000
Min Divisible RSF: ±7,000
Availability: Immediate
FIRE PUMP ROOM 008 RETAIL / L A C I R T 00 3 OPEN OFFICE C EL E R 00 4 R NIT O O A J D EJECTOR ROOM P 01 3 G RR I U 009 1
N O R I A C ST I 00 5 ST 1-0 0 ST A DA T EX I
CORRIDOR 000 2
TELECOM 1
R P
SERVICE I U A 2
-0 0 T ST 2-0 0
ROOM TO R V S A E -0 0 V TO R 010 L V E A E V L EL E E EL E
ELECTRICAL ROOM
RETAIL / 011 OPEN OFFICE Ground Level Plan
Use: Retail / Office
Lease Rate: Negotiable
Lease Term: Negotiable
Full Floor RSF: ±11,500
P Min Divisible RSF: ±4,500 U 3
R I A T ST 3-0 0 S
P Availability: Immediate U
Ground level is partially below grade.
10 ∆ M S O
N OPEN OFFICE O E 2 R 0 M T 3 L O S A E W 306 C R I 3 R 0 T 3 C E L E R O 4 T M I 0 O 3 N S O A 1 N J R 0 E T 3 P M S N G 1 U E
3 D N I R 0 R A I - T 5 T 1 A 0 S I A T 3 T S X D S E R D O 0 I 0 R 3 R O
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2 T A V R T 3 T A E S 0 O S V - L T E V E A L E V E L E E L E OPEN OFFICE
307 Second Floor Single Tenant Plan
Use: Office
Lease Rate: Mid $20’s Net
Lease Term: Negotiable 3
3 0 R - I 3 A
T Full Floor RSF: ±12,000 T N S S D P U Min Divisible RSF: ±5,000
Availability: Immediate
OPEN OFFICE M S O N O E 2 R 0 M T 3 L O S A
E SOUTH W C R I 3 R 0 T 3 C E
L ±5,000 RSF E R O 4 T M I 0 O 3 N S O A 1 N J R 0 E T 3 P M S N G 1 U E
3 D N I R 0 R A I - T 5 T 1 A 0 S I A T 3 T S X D S E R D O 0 I 0 R 3 R O
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2
3 R
3 P 0 R - I 0
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2 T A V R T 3 T A E S 0 O S V - L T E V E A L E V E L E E L E OPEN OFFICE NORTH Second Floor ±7,000 RSF Multi-Tenant Plan
Use: Office
Lease Rate: Mid $20’s Net
Lease Term: Negotiable 3
3 0 R - I 3 A
T RSF - Office North: ±7,000 T N S S D P U RSF - Office South: ±5,000
Availability: Immediate
41.905848 ºN -87.659899 ºW Breathing Room ROOM TO SPREAD OUT AND PRIORITIZE PERSONAL SPACE
12 ∆ The future of the workplace may include physical distancing as a part of the “new normal”. With approximately 30% more square footage at the same price point as the West Loop / Fulton Market, tenants at 1308 North Elston can afford to provide ample personal space, prioritizing safety—ensuring that their employees feel comfortable in a safe work environment.
+ New space, never previously occupied
+ Opportunity for self-contained space with dedicated bathrooms
+ Controlled traffic to building via doorman / security desk
+ Boutique building with less employee traffic coming in and out
+ Mid-rise building allows for taking stairs, eliminating the need for crowded elevators
+ Brand new high efficiency HVAC system allows for improved ventilation, high air quality, and increased capacity for fresh air circulation
+ Abundant outdoor space - private building courtyard
41.905848 ºN -87.659899 ºW 1308 North Elston offers approximately 30% more square footage at the same price point as the West Loop / Fulton Market.
14 ∆ 41.905848 ºN -87.659899 ºW Exceptional Amenities & Outdoor Space
1308 North Elston features a private landscaped courtyard with a unique stand-alone amenity building where tenants can safely socialize, work, dine, or relax.
The building is located on Elston Avenue, directly across the street from the iconic Morton Salt building. The main entrance is on the south side of the building at Elston & Potomac.
A unique entry sequence leads visitors to spectacular 32’ glass walled lobby. The building’s walled and landscaped courtyard provides a private oasis for safely relaxing, meeting, and working.
16 ∆ W . E V E R G R E E N A V E N U E
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P O T O M A C A V E N U E
Site Plan
41.905848 ºN -87.659899 ºW 32’ glass-walled lobby features polished concrete floors, a one-of-a-kind reclaimed wood reception station, live green wall and a new elevator shaft clad in oxidized corten steel.
18 ∆ ∆ The oxidized corten steel Building Finishes cladding on the new elevator shaft and entryway is a nod to the corrugated metal roof of the adjacent Morton Salt building.
∆ Floor-to-ceiling glass wall (above) and decorative living wall (right) greet visitors in the building’s lobby.
41.905848 ºN -87.659899 ºW Private Building Courtyard
20 ∆ 41.905848 ºN -87.659899 ºW Summer House Santa Monica
Protein Bar JuiceRx Lottie’s Pub
En Hakkore Vin Close to Chicago N SHEFFIELD AVE Werewolf Coee Churchill Trader Joe’s Park Local Foods Lincoln Yards Willow Room Walsh The Hideout South Fort Bualo Park Willow Amato's Pizza Mindy’s HotChocolate Wild Wings Vinci Boka Proposed CVS Alinea Everything N ELSTON AVE Mobility Hub & Binny’s LINCOLN PARK Trattoria Gianni Metra Station N CLYBOURN AVE MODERN OFFICE SPACE, Club Chicago River Bucktown Athletic Club Lucky Goose Ada Island Street Walgreens The Goddess & Grocer Crossfit
5 MINUTES FROM HOME Forever Yogurt Front Bar Potbelly BUCKTOWN Peet’s Coee Steppenwolf Theatre
Dimo’s Pizza Tarboush Lillie’s Q Lillie’s Blue FinBlue
Dunkin’ Epic Burger Dawali Mediterranean Kitchen The etta Robey W NORTH AVE Exit Piece @North Bar @North Las Palmas Las Lucia’s Thee Asian PizzaJet’s Louie’s Pub Hollywood Grill Hollywood Starbucks Reserve Park Paradise Art’s Apple FFC Uncle Bonci Pizzeria Drive-In Store Stan’s Donuts Lincoln Julio’s Furious Stanley’s Park North / Clybourn Spoon Grill N WOOD ST Station NYC Bagel Burger Bru Pint Joe’s Damen Station Bar Insomnia Olive on Weed Revel Room Taxim Cookies Mediterranean Big Star Grill SoNo Urban Belly Fitness & Kizuki Ramen & Izakaya Violet Hour Jenny’s Crossfit Rumi Schwa SWIG Earls Kitchen + Bar
Taco Bell Nick’s Cantina AVEN ASHLAND Whole Nando'sNando’s Peri-Peri Foods ArcLight Cinemas Wicker Ina Mae Tavern Mariano’s N DAMEN AVE O Color Brewing Park Mott St Taproom The Mousetrap Native FoodsUmami BongoCafe Burger Room Carnicerias Guanajuato GOOSE Cumin ISLAND Conrad’s Grill Oiistar Jimmy Wormhole Coee John’s N MILWAUKEERakki Cafe AVE Whiskey Business REI Pulaski
Morton Salt warehouse STN HALSTED Walgreens Falafel Grill Park adaptive reuse development Kanela Breakfast Club Emporium 4.2 Acres Stanton Veruca Craft Pizza Standard Antique Taco Chocolates Park Bar & Grill North Branch Canal N WOLCOTT AVE Via Carducci Sorella La Potbelly Colectivo
Picante Taqueria Big & Little’s Alliance Bakery Alliance Cafe GelatoCafe Foxtrot Market Future CB2 headquarters The Boundary Seadog Sushi Smoke Daddy Cae Streets Cae Milk & Honey Neon Dunkin’
Parlor Pizza The Angry Crab
Sushi TakuSushi Halal Pita Grill Easy Bar Easy Machine Folklore
Bangers Bangers Kung Fu Pizza Subway
Phyllis’ Wilderness Target & Lace Scone CVS Mirai MAK Target City Burger King Passion House CVS Coee Roasters W DIVISION ST
Takito Fatpour Silli Kori Innjoy Pub Royale The Fifty/50 CleverRabbit Yolk Mac’s StarGold VinnyD’s Starbucks 5411 Empanadas Athletic Club WickerPark Coee Intelligentsia Wendy’s The Lifeway Bordel Bull Black Chopin Theater Shwarma Garden Shwarma Division Estate Bar Goose Island Station Goose Shrimp House Island Atlas Performance and CrossFit Jieyi Overlook
Kin Rainbow Proposed 1308 North Elston is an unbeatable location with unrivaled Goose Island Boathouse dining & entertainment Frontier First Step access and visibility. Positioned in the Salt District at the complex Fitness center of a thriving millennial talent pool, the building is adjacent to some of the city’s most desirable residential CTA ‘L’ STATION DIVVY BIKE SHARE DOCK neighborhoods. 1308 North Elston is easily accessible to the entire city and northern & western suburbs via I-90/94, CTA, and Metra.
22 ∆ Summer House Santa Monica
Protein Bar JuiceRx Lottie’s Pub
En Hakkore Vin
Chicago N SHEFFIELD AVE Werewolf Coee Churchill Trader Joe’s Park Local Foods Lincoln Yards Willow Room Walsh The Hideout South Fort Bualo Park Willow Amato's Pizza Mindy’s HotChocolate Wild Wings Vinci Boka Proposed CVS Alinea N ELSTON AVE Mobility Hub & Binny’s LINCOLN PARK Trattoria Gianni Metra Station N CLYBOURN AVE Club Chicago River Bucktown Athletic Club Lucky Goose Ada Island Street Walgreens The Goddess & Grocer Crossfit
Forever Yogurt Front Bar Potbelly BUCKTOWN Peet’s Coee Steppenwolf Theatre
Dimo’s Pizza Tarboush Lillie’s Q Lillie’s Blue FinBlue
Dunkin’ Epic Burger Dawali Mediterranean Kitchen The etta Robey W NORTH AVE Exit Piece @North Bar @North Las Palmas Las Lucia’s Thee Asian PizzaJet’s Louie’s Pub Hollywood Grill Hollywood Starbucks Reserve Park Paradise Art’s Apple FFC Uncle Bonci Pizzeria Drive-In Store Stan’s Donuts Lincoln Julio’s Furious Stanley’s Park North / Clybourn Spoon Grill N WOOD ST Station NYC Bagel Burger Bru Pint Joe’s Damen Station Bar Insomnia Olive on Weed Revel Room Taxim Cookies Mediterranean Big Star Grill SoNo Urban Belly Fitness & Kizuki Ramen & Izakaya Violet Hour Jenny’s Crossfit Rumi Schwa SWIG Earls Kitchen + Bar
Taco Bell Nick’s Cantina AVEN ASHLAND Whole Nando'sNando’s Peri-Peri Foods ArcLight Cinemas Wicker Ina Mae Tavern Mariano’s N DAMEN AVE O Color Brewing Park Mott St Taproom The Mousetrap Native FoodsUmami BongoCafe Burger Room Carnicerias Guanajuato GOOSE Cumin ISLAND Conrad’s Grill Oiistar Jimmy Wormhole Coee John’s N MILWAUKEERakki Cafe AVE Whiskey Business REI Pulaski
Morton Salt warehouse STN HALSTED Walgreens Falafel Grill Park adaptive reuse development Kanela Breakfast Club Emporium 4.2 Acres Stanton Veruca Craft Pizza Standard Antique Taco Chocolates Park Bar & Grill North Branch Canal N WOLCOTT AVE Via Carducci Sorella La Potbelly Colectivo
Picante Taqueria Big & Little’s Alliance Bakery Alliance Cafe GelatoCafe Foxtrot Market Future CB2 headquarters The Boundary Seadog Sushi Smoke Daddy Cae Streets Cae Milk & Honey Neon Dunkin’
Parlor Pizza The Angry Crab
Sushi TakuSushi Halal Pita Grill Easy Bar Easy Machine Folklore
Bangers Bangers Kung Fu Pizza Subway
Phyllis’ Wilderness Target & Lace Scone CVS Mirai MAK Target City Burger King Passion House CVS Coee Roasters W DIVISION ST
Takito Fatpour Silli Kori Innjoy Pub Royale The Fifty/50 CleverRabbit Yolk Mac’s StarGold VinnyD’s Starbucks 5411 Empanadas Athletic Club WickerPark Coee Intelligentsia Wendy’s The Lifeway Bordel Bull Black Chopin Theater Shwarma Garden Shwarma Division Estate Bar Goose Island Station Goose Shrimp House Island Atlas Performance and CrossFit Jieyi Overlook
Kin Rainbow Proposed Goose Island Boathouse dining & entertainment Frontier First Step complex Fitness
Nearby Transit
COMMUTER RAIL CTA ‘L’ STATIONS AIRPORTS
Metra Clybourn Station 2 min drive Division CTA Blue Line 12 min walk Midway International Airport 20 min drive
Ogilvie Transit Center (Metra) 5 min drive Chicago CTA Blue Line 15 min walk O’Hare International Airport 25 min drive
North & Clybourn Red Line 17 min walk
41.905848 ºN -87.659899 ºW Average Rideshare Cost from 1308 North Elston AVERAGES BASED ON POOL AND REGULAR RIDES ON LYFT & UBER*
$5 $15 $25 $35
2 MIN Bucktown DIVISION & MILWAUKEE
4 MIN Lincoln Park NORTH & CLYBOURN
5 MIN Wicker Park NORTH/DAMEN/MILWAUKEE
7 MIN Old Town NORTH & WELLS
7 MIN West Loop FULTON & HALSTED
8 MIN Logan Square CALIFORNIA & MILWAUKEE
8 MIN Avondale ELSTON & BELMONT
10 MIN Humboldt Park CALIFORNIA & DIVISION
10 MIN Gold Coast STATE & RUSH
* Averages do not take into account surge or promotional pricing. Drive times are based on Google. Costs and travel times are estimates only, actual cost and drive times may vary.
24 ∆ Proposed Transportation Shuttle Route
CLYBOURN STOP Union Pacific Northwest Line
RED LINE North & Clybourn Station
BLUE LINE Division Station #70 BUS
WALK SCORE TRANSIT SCORE BIKE SCORE 75 76 93 Very Walkable Excellent Transit Biker’s Paradise
41.905848 ºN -87.659899 ºW 26 ∆ ABOUT THE DEVELOPER
Farpoint Development
Farpoint Development is a Chicago-based real estate development firm founded in 2016 by the founding members of the successful real estate development company Sterling Bay. The Farpoint development team has nearly 100 years combined experience with the rehabilitation, redevelopment and adaptive reuse of severely compromised buildings in the Chicago area, including Hillshire Brands global headquarters at 400 S. Jefferson, Google, Inc.’s Midwest headquarters at 1000 W. Fulton, and the rehabilitation of the historic 12-story terra-cotta office building at 300 W. Adams.
Greco/DeRosa Investment Group As a subsidiary of The Greco Companies, Greco/DeRosa Investment Group focuses primarily on real estate investment and financing. Having built an impressive portfolio of retail, mixed use, and industrial properties, GD has been a welcome partner to Farpoint Development on several new and exciting projects.
Greco/DeRosa Investment Group is an affiliate of the following companies: Greco PG5 Investments, GSI Financing, LLC, Greco Reggi Development, G4 Development Group, LLC.
41.905848 ºN -87.659899 ºW FOR LEASING INFORMATION CONTACT
Ari Topper, CFA Tyler Dechter 312.275.3113 312.275.3132 [email protected] [email protected]
© 2021 All information supplied is from sources deemed reliable and is furnished subject to errors, omissions, modifications, removal of the listing from sale or lease, and to any listing conditions, including the rates and manner of payment of commissions for particular offerings, the terms of which are available to principals or duly licensed brokers. This information may include estimates and projections with respect to future events, and these future events may or may not actually occur. Such estimates and projections reflect various assumptions concerning anticipated results. While we believe these assumptions are reasonable, there can be no assurance that any of these estimates and projections will prove to have been correct. Therefore, actual results may vary materially from these forward-thinking estimates and projections. Any square footage dimensions set forth are approximate.