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North Wells Tops Out on River North Creative Office

North Wells Capital, and its affiliate Urban Innovation, Ltd., have topped out exterior construction on the redevelopment of 306 West Erie in River North. The redevelopment, which began last November, will double the building’s size and add amenities including an interior tenant lounge and game room, a rooftop terrace, tenant bike rooms, and a collaborative open lobby space.

“As companies prepare for a better tomorrow, we’re moving forward to bring a transformative workspace to Chicago’s River North neighborhood,” said North Wells CEO Jim Fox, “When businesses are ready to return to work, we are ready to welcome them.”

The 306 West Erie development team also includes NORR as architects and ARCO/Murray as general contractor. The property represents a first step in the North Wells/Urban Innovations three-building creative office development project, known collectively as Verso. Urban Innovations is the property manager for the Verso portfolio.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development