CROSS STREETS: Illinois and Grand
OFFICE/RESTAURANT/RETAIL
FOR LEASE
NEIGHBORHOOD: STREETERVILLE
505 N LAKE SHORE DRIVE
THE LORD COMPANIES, L.L.C.
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Location:
This internationally recognized icon of architectural design is located at 505
N Lake Shore Drive, Chicago Illinois, situated between Illinois Street and
Grand Avenue. The site is directly adjacent to Navy Pier, Chicago’s leading
tourist attraction with over 8 million visitors, and 5 miles North of the
McCormick Convention Center which hosts various expositions and
conferences bringing over 4 million visitors to the city annually.
The location is steps away from multiple beaches, Lake Shore Drive’s famous
biking/walking path and minutes from the AMC River 21 Theaters, Downtown
Chicago, Northwestern University, and the Magnificent Mile which boast
some of the best highend boutiques in the country. Additionally, the Tower is
surrounded by over 30 hotels within 1.5 miles. The site has outstanding
access to all major transportation modes, including Lake Shore
Drive, the Dan Ryan Expressway (I-90/94), the Stevenson Expressway (I55),
The Eisenhower Expressway (I-90/94), various CTA Bus Lines, and the
water taxis which can take you to The Loop and The Museum Campus.
Description:
Lake Point Tower is an 879 unit, 70-story luxury residential condominium
development and the only residential tower located on the east side of Lake
Shore Drive. When finished in 1968, it was the tallest residential building in
the world. The pioneer design of glass curtain wall and interior bearing
columns allow for unparalleled panoramic city and lake views.
Demographics:
(2007) 1.0 mile Radius
Population 46,442
Households 36,605
Daytime Population 126,243
Median Household Income $81,699
Building Amenities:
Office/Restaurant/Retail Space:
Situated at the lake front, Lake Point Towers offers the rare opportunity for
restaurant,retail and office users to be located literally steps from Navy Pier’s
more than 8 million annual visitors while benefiting from the Tower’s world
class luxury amenities.
Total Available 27,956 square feet
Ideal uses are restaurants, retail, salon, spa, health & fitness club,
recreation uses,office, showroom
1st Floor Spaces: 1,000 – 17,740 square feet contiguous
• First floor tenants may combine with units on 2nd floor
HVAC:
Heat and air conditioning included in common area maintenance
Electricity:
Separately metered. Available up to 400 amps/120-240 volts
Black Iron:
Installed
CAM
$5.60 per square foot with base year. Includes air conditioning, heat, water,
common areas
Tax:
$4.19 per square foot with base year.
Sale Price:
Individual units may be available for sale. Price subject to offer
Availability:
Immediately
This internationally recognized icon of architectural design is located at 505
N Lake Shore Drive, Chicago Illinois, situated between Illinois Street and
Grand Avenue. The site is directly adjacent to Navy Pier, Chicago’s leading
tourist attraction with over 8 million visitors, and 5 miles North of the
McCormick Convention Center which hosts various expositions and
conferences bringing over 4 million visitors to the city annually.
The location is steps away from multiple beaches, Lake Shore Drive’s famous
biking/walking path and minutes from the AMC River 21 Theaters, Downtown
Chicago, Northwestern University, and the Magnificent Mile which boast
some of the best highend boutiques in the country. Additionally, the Tower is
surrounded by over 30 hotels within 1.5 miles. The site has outstanding
access to all major transportation modes, including Lake Shore
Drive, the Dan Ryan Expressway (I-90/94), the Stevenson Expressway (I55),
The Eisenhower Expressway (I-90/94), various CTA Bus Lines, and the
water taxis which can take you to The Loop and The Museum Campus.
Description:
Lake Point Tower is an 879 unit, 70-story luxury residential condominium
development and the only residential tower located on the east side of Lake
Shore Drive. When finished in 1968, it was the tallest residential building in
the world. The pioneer design of glass curtain wall and interior bearing
columns allow for unparalleled panoramic city and lake views.
Demographics:
(2007) 1.0 mile Radius
Population 46,442
Households 36,605
Daytime Population 126,243
Median Household Income $81,699
Building Amenities:
- Private dining available at Cite Restaurant on 70th floor with
breathtaking views and the finest, most elegant dining in the world. - Skyline Park featuring 2.5 acres of pristinely maintained outdoor area,
duck pond, seating areas, outdoor grill and an amazing view of Lake
Michigan and Chicago’s downtown - Valet parking with discounted rates for tenants and clients
- Limited parking spaces available for sale
- Newly installed fire safety system
- Newly installed air handlers
- Onsite management
- 24 x 7 access for restaurant user
Office/Restaurant/Retail Space:
Situated at the lake front, Lake Point Towers offers the rare opportunity for
restaurant,retail and office users to be located literally steps from Navy Pier’s
more than 8 million annual visitors while benefiting from the Tower’s world
class luxury amenities.
Total Available 27,956 square feet
Ideal uses are restaurants, retail, salon, spa, health & fitness club,
recreation uses,office, showroom
1st Floor Spaces: 1,000 – 17,740 square feet contiguous
- Approximately 85 feet of frontage on Streeter Avenue facing Navy Pier
- Restaurant outdoor seating on Streeter Avenue
- 11’ ceilings with floor to ceiling glass
- Separate entrances on Streeter Avenue and on Grand Avenue via the
main lobby
• First floor tenants may combine with units on 2nd floor
- $25.00 – 35.00/SF Net rent
- 2nd floor spaces: 1,036 – 10,216 square feet
- Office, retail, salon spaces available
- Build-to-suit opportunities
- Floor-to-ceiling glass doors and front windows
- Furnished office spaces available with high-end furniture
- $17.00 – 26.00/SF Net rent
HVAC:
Heat and air conditioning included in common area maintenance
Electricity:
Separately metered. Available up to 400 amps/120-240 volts
Black Iron:
Installed
CAM
$5.60 per square foot with base year. Includes air conditioning, heat, water,
common areas
Tax:
$4.19 per square foot with base year.
Sale Price:
Individual units may be available for sale. Price subject to offer
Availability:
Immediately
| Keith E. Lord Office: 312.944.6270 Fax: 312.944.3759 keithelord@lordcompanies.com |
| Heide Schulz Office: 312.944.6270 x 14 Fax:312.944.3759 heide@lordcompanies.com |
LAKE POINT TOWER