Construction is going vertical for the Union Station Tower, also known as the BMO Tower, a 46-story office building in West Loop Gate. The prices shown are the drive-up rates only. They currently have three other offices in the Loop area: 115 South LaSalle Street, 111 West Monroe Street and 200 West Adams Street. Dec 20, 2019. address, date of birth and other information that will allow us to identify you. Function. Privacy Policy The lease with Baker Tilly follows other recent announcements to bring new companies to BMO Tower . The material contained in articles posted on this website is intended as a general market commentary. BMO Tower will stand as a testament to our citys thriving corporate amenities and bustling downtown area. are affiliated companies. We may also ask you to provide a copy of your certificate of incorporation (or similar document) or other identifying documents. Workers are putting the finishing touches on downtown's 50-story BMO Tower (also known as Union Station Tower) ahead of the Class A building's anticipated January 2022 opening. The BMO tower will be located across the street from Chicago's Union Station and is expected to house 3,000 BMO employees when it opens. BMO Financial Group signed on to occupy 500,000 square feet in the 1.5 million-square-foot, 51 floor namesake Chicago skyscraper. Similar to our approach on other buildings, we pay particular attention to how the building meets the ground, which is as important to pedestrians as it is to the building tenants, said Joachim Schuessler, principal and senior project designer at Goettsch Partners. The program consists of 1.5 million square feet of Class A office space and associated amenities, including two levels of underground parking. Trademark of Bank of Montreal in the United States and Canada. Morning pastries come from Zachary Dawson whos making treats including a Saigon cinnamon roll with cream cheese frosting. Designed and constructed by leaders in architecture and construction, 320 South Canal is a culmination of vision, dedication, and purpose by a seasoned and accomplished team. June 30, 2022 | Diversity, equity and inclusion, Strategy. The very large structural transfers open up the ground floor of the building in a way that the lobby becomes a part of the streetscape and the streetscape becomes a part of the lobby.. Van Schaack said the pandemic has set back leasing efforts "a good 18 months," but he . That's why Samsung is now poised to hand over the keys to the lender, which is likely to sell the loanand therefore the propertiesfor far less than the value of the debt, sources said. Another office tower is currently under construction at 110 North Wacker and scheduled for completion in 2020. The vertical campus in the heart of the CBD redefines the office experience and offers an unrivaled business experience. On December 20, BMO began a new chapter, joining Chicago Mayor Lori Lightfoot to break ground on a new 600-ft., 50-story office tower that will build on our already rich Chicago history. Learn about us. Member FDIC. Big lakefront high-rise in the Gold Coast hits the market after apartment conversion, Two office landlords defaulting may be just the beginning, Sponsored Content: Accountability today for a sustainable tomorrow, The Most Powerful Women In Chicago Business. Function. The future tower, which will open in 2022, will be 50 stories in height with over 1.4 million square feet of office space, taking its place as one of the tallest new . BMO Capital Markets is a trade name used by BMO Financial Group for the wholesale banking businesses of Bank of Montreal, BMO Harris Bank N.A. Bank of Montreal Financial Group officials said their new 50-story BMO Tower at 320 S. Canal St. in Chicago is officially open. Spokespersons for Samsung and JLL did not respond to requests for comment. L. 107 56 (signed into law October 26, 2001))requires all financial organizations to obtain, verify and record information that identifies each person who opens an account. November 16 saw groundbreaking ceremonies for BMO Tower in Milwaukee, a 25-story office building that will serve as the new home for BMO Harris Bank. CHICAGO, June 24, 2022 /PRNewswire/ - BMO Financial Group today celebrated the grand opening of BMO Tower, Chicago, BMO's new U.S. Headquarters. Feb 1998 - Jan 20079 years. The transformational new office space was designed to reflect the future of BMO, one that provides an exciting, vibrant environment for BMO customers to conduct their banking, and for employees to work. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. Chicago Mayor Lori Lightfoot signs a beam during the topping off ceremony at BMO Tower, located at 320 S. Canal St. in the West Loop Gate, Thursday morning, April 8, 2021. A 43-story tower at 30 N. LaSalle St. in Chicago is one of a handful of office towers on the street that could be converted to apartments as part of an initiative by Mayor Lori Lightfoot. BMO Tower's highly walkable location in the heart of downtown provides immediate access to the Theater District, Milwaukee Riverwalk, restaurants and hotels. The state-of-the-art, 50-story building is located at 320 S Canal St., in Chicago's West Loop Gate neighborhood. In the first, a permit valued at $11,173,565 was . BMO Harris Bank N.A. Every shiny new skyscraper needs at least one restaurant for the office workers who will hopefully fill the space. The east face of the building aligns with the property line, reinforcing the urban street wall defined by the historic headhouse on the adjacent block. Chapman & Cutler followed suit, and the pandemic subsequently crushed whatever long odds Samsung already had to backfill the vacated space. sentinel. A single-function tall building is defined as one where 85% or more of its usable floor area is dedicated to a single usage. The tower will have the following features: - 50 stories high - 1.4 million square feet of office space - 400 stall parking garage - High-tech BMO branch bank on ground floor - 1.5 acre park adjacent to the tower. PHONE: 872-289-2300. The tower is BMO's new U.S. Headquarters that will house more than 3,000 employees. We may also ask you to provide a copy of your certificate of incorporation (or similar document) or other identifying documents. Sorensen is working with chef de cuisine Ross Sundberg. 320 South Canal is a newly completed 50-story office tower located adjacent to Union Station. L. 107 56 signed into law October 26, 2001)) requires all financial organizations to obtain, verify and record information that identifies each person who opens an account. TRD Staff. BMO Harris, a staple in Chicago since 1861, will move its U.S. headquarters from its 100-year-old legacy space at 111 W. Monroe Street to a new 50-story namesake trophy tower adjacent to Union Station. BMO Harris is a unit of Montreal, Canada-based Bank of Montreal. . Managers, who were . The ground floor will contain a BMO Harris bank . In this way, the park becomes an integral and welcoming part of the building and its entry sequence, and the building serves as an extension of the park. The 1.5 million-square-foot high-rise was face competition from the 1.4 million-square-foot Bank of America tower under construction at 110 N. Wacker, the planned 1.2 million-square-foot . Central to BMO . The freshest news from the local food world, By submitting your email, you agree to our, New West Loop Skyscraper Unveils Italian Restaurant and Market, Sign up for the Address 310 South Canal Street, Chicago, 60606, United States Category Commercial (Office) Status Pre-Construction Height 727 ft / 221.58 m To help the government fight the funding of terrorism and money laundering activities, federal law (USA Patriot Act (Title III of Pub. BMO Tower includes a state-of-the-art fitness center and a 1.5-acre green space. We may also ask you to provide a copy of your certificate of incorporation (or similar document) or other identifying documents. Canal Street Eatery & Market is located in the building overlooking the park, while the Afterbar is situated adjacent to the park space. BMO Tower Garage - 654 spots. The transformational new office space was designed to reflect the future of BMO, one that provides an exciting, vibrant environment for BMO customers to conduct their banking, and for employees to work. Union Bank is now trying to recover as much of its investment in the properties as possible, hoping a buyer will come in with a vision to revamp the buildings and pursue new office users or turn them into something else. BMO is expected to be the single largest tenant, with 3,000 of the companys 7,000 Chicago-area employees moving into the new building. Adult beverages will take center stage in September when another component, Afterbar, opens. Mayor Lori Lightfoot was . Serving customers for 200 years and counting, BMO is a highly diversified financial servicesprovider - the 8th largest bank, by assets, inNorth America. Building designed to achieve WELL Building Platinum & LEED Gold standards. 24, 2022, 10:25 AM. The building will feature a selection of restaurants, world class amenities and a spectacular 1.5-acre urban park with year-round programming, which will be one of the largest privately owned public parks in the City . The building is fully ADA compliant and features touchless wave sensors at entryways, braille and tactile lettering signage, and accessible water filling stations. Located directly south of the 1925-built Union Station headhouse building, the 2.2-acre, full-block site is positioned in a rapidly changing area of the West Loop, with close connections to transit and the major expressways. Chicago Mayor Lightfoot was at the ground breaking with her shovel along with bank officials. share : tweet : share 4 renderings. The state-of-the-art, 50-story building is located . This information is being used to support the promotion or marketing of the planning strategies discussed herein. Location: Chicago. Getting to the How of an Energy-Transition Economy, The Delta Surge and Impacts on a Reopening, Private Capital Seizing the Stage in U.S. Middle Market, M&A Markets Active Despite Macroeconomic Backdrop, 50-story tower at 320 S Canal St. will serve as BMO's U.S. Headquarters for decades to come, Building designed to achieve WELL Building Platinum & LEED Gold standards. Both are now open. View Store Details. 130 E. Randolph St. Riverside Investment & Development Company and Convexity Properties joined its expertise to develop and deliver a progressive, high quality office project with dynamic mixed use spaces attractive to tenants and the surrounding community. To help the government fight the funding of terrorism and money laundering activities, federal law (USA Patriot Act (Title III of Pub. BMO Capital Markets is a trade name used by BMO Financial Group for the wholesale banking businesses of Bank of Montreal, BMO Harris Bank N.A. Click here to get the full experience on your screen. The art exemplifies BMO's Purpose to Boldly Grow the Goodin business and in life. ", "Each year, more corporations are realizing the incredible potential of our city to launch and grow a successful business," saidChicagoMayorLori E. Lightfoot. We've also got items on Bank of Montreal's new office tower in Chicago and a delisting threat against Republic First. The project is from Spearhead Hospitality, the operators of the Robey Hotel in Wicker Park and the recently closed Chikatana Mexican restaurant in Fulton Market. Quinn Myers | June 17, 2021 9:35 pm. More recently, Chicago developer Michael Reschke struck a deal with the state of Illinois to buy and revamp the James R. Thompson Center, part of which it would sell back to the state. 320 South Canal is a newly completed 50-story office tower located adjacent to Union Station. Designed by renowned architecture firm, Goettsch Partners, this “Class A” office property features market-leading health and wellness design, excellent light and air with views of Lake Michigan, along with the largest privately-owned public park space in Chicago’s Central . With those departures looming and the COVID-19 pandemic fueling record-high downtown office vacancy, it would be highly unlikely that the venture of Seoul, South Korea-based Samsung Life Insurance that owns the properties would be able to refinance its mortgage. A Union Bank spokeswoman declined to comment. BMO Tower, Chicago by 1, Goettsch Partners. All Rights Reserved. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. 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