William Blair, which has been located at 222 W. Adams St., since1994, had signed a letter of intent late last summer to be theanchor tenant in the building, as previously reported byGlobeSt.com. The firm will occupy three-and-a-half floors ofthe low-rise portion of the 52-story building and 10 high-risefloors, Van Schaack says. The term of the "long-term" lease was notdisclosed. Hines is in discussions with other possible tenants butno other leases have been signed at this point. "We are talking toa number of other big tenants," he says. The asking lease rate isabout $50 per sf gross, Van Schaack confirms.


The building will also have approximately 15,000 sf of retailand restaurant space, Van Schaack says. Construction is expected tobegin this fall and be completed in June 2011, he says. The towerwas designed by Pickard Chilton Architects, based in New Haven, CT.The building will have curved glass and elliptical 25,000-sf floorplates. The project will have a 1.5-acre public park along theriver, and a boutique hotel with approximately 200 rooms is plannedto adjoin the tower. Van Schaack said they are not announcing atthis time who will manage the tower. The joint venture expects tosell the hotel portion of the project, he says. Representativesfrom Hines had previously pegged the value of the hotel at about$65 million.

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