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Evanston Will See First Office High-Rise in 20 Years
Vermilion Development’s planned 210,000-square-foot, 18-story office development in Evanston, IL has gotten approval from Evanston’s City Council. The Class A building at 604 Davis St., which could deliver as early as 2022, will be the first new high-rise office building constructed in Evanston in 20 years.
NKF senior managing director John Clark and vice chairman Bill Rolander—a recent Top Broker Awards winner—will lead marketing and leasing efforts at the development.
“605 Davis will be the most technology-forward, sustainable and modern building in Evanston,” said Rolander. “These features paired with a main-and-main location and marquee views will draw high caliber tenants to the building.”
Direct Class A office vacancy in Evanston is just over 5%, with no new office space under construction, NKF says. By comparison, direct Class A office vacancy in downtown Chicago is 12%, with 6.9 million square feet of new office product under construction or proposed.
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- ◦Development
