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-   -   CHICAGO | BMO Tower | 727 FT | 50 FLOORS (https://skyscraperpage.com/forum/showthread.php?t=224752)

jc5680 Dec 10, 2018 8:47 PM

Crains is reporting BMO signed a deal to move into this building

Quote:

BMO Harris Bank will consolidate its Chicago offices in 2022 at a new 50-story tower next to Union Station, the bank announced today.

In a deal that will bring 3,600 Chicago BMO employees into a single location, the Toronto-based bank has signed a lease for 14 floors at the skyscraper, which will be dubbed BMO Tower, the bank said in a statement.

The move into 500,000 square feet will consolidate the company's Loop offices

Skyguy_7 Dec 10, 2018 8:58 PM

^Another day, another major anchor tenant signs lease at another tower. What a time to be alive. :cheers:

the urban politician Dec 10, 2018 8:59 PM

Quote:

Originally Posted by jc5680 (Post 8404440)
Crains is reporting BMO signed a deal to move into this building

GOD BLESS AMERICA!!!!!

:tup::cheers::notacrook:

For an era in which we are having relatively slow job growth and office construction compared to other regions, we are having ourselves a halfway decent office construction cycle

the urban politician Dec 10, 2018 9:04 PM

The question is, does this mean that Union Station renovations will still move forward? Isn't the development of this tower linked with that project?

lakeshoredrive Dec 10, 2018 9:06 PM

I hope the tower's design is refined some more. It looks way to similar to the bank of america tower.

gebs Dec 10, 2018 9:13 PM

Quote:

Originally Posted by lakeshoredrive (Post 8404458)
I hope the tower's design is refined some more. It looks way to similar to the bank of america tower.

I agree. I keep assuming that was just a placeholder to show the massing and FAR for the purposes of city approvals. Is it really going to be just a semi-clone of 110 N Wacker?

chicubs111 Dec 10, 2018 9:20 PM

good news about us getting another tower but i mean another consolidation from Chicago offices isnt really the best for city... would rather have jobs coming from outside the city or even better the state into downtown.. there also like downsizing some 300k square feet of space (3 sites total 850k and going into new tower occupying 500k) . I just wish these huge leases would allow for taller office towers or even some interesting designs... there getting pretty boring now.

k1052 Dec 10, 2018 9:26 PM

Quote:

Originally Posted by the urban politician (Post 8404456)
The question is, does this mean that Union Station renovations will still move forward? Isn't the development of this tower linked with that project?

I believe there is a bunch of work planned in the head house next year, mostly turning vacant/unrehabbed space into leasable footage for retail/food/beverage.

I know that Amtrak wants to get that thing generating some cash but the major problems in the concourse and at track level remain to be addressed. I'm getting a little concerned that none of that work will ever be done.

Zapatan Dec 10, 2018 9:49 PM

Excellent!

It'll be great for that area. I take it they'll also put their logo atop the building like all the other BMO towers?

killaviews Dec 10, 2018 10:01 PM

Unfortunately, it doesn't sound like they are bringing in any of their suburban employees.

Steely Dan Dec 10, 2018 10:33 PM

tribune article states that construction is set to begin in 2019 (though no more specificity is given).

so along with OCS, that makes two pretty solid chances for 700+' skyscraper starts in 2019. perhaps 1000M will surprise us too.

and according to the rendering posted with the tribune article, it looks like we'll be getting another giant corporate logo in the sky. hooray...... :uhh:

http://www.trbimg.com/img-5c0ecd79/t...ge/750/750x422
source: https://www.chicagotribune.com/busin...210-story.html

Vlajos Dec 10, 2018 10:41 PM

Quote:

Originally Posted by killaviews (Post 8404521)
Unfortunately, it doesn't sound like they are bringing in any of their suburban employees.

Does BMO have sizable offices in the suburbs? I assume most employment is bank branches out there.

the urban politician Dec 10, 2018 10:55 PM

Well, think of it this way, if they are consolidating into one office, getting naming rights, and anchoring a new tower.......plus they are taking 500,000 sf for 3,600 employees, I'm wagering they are in expansion mode. There will likely be some workforce additions.

Donnie77 Dec 10, 2018 11:38 PM

Quote:

Originally Posted by Steely Dan (Post 8404540)
tribune article states that construction is set to begin in 2019 (though no more specificity is given).

so along with OCS, that makes two pretty solid chances for 700+' skyscraper starts in 2019. perhaps 1000M will surprise us too.

and according to the rendering posted with the tribune article, it looks like we'll be getting another giant corporate logo in the sky. hooray...... :uhh:


source: https://www.chicagotribune.com/busin...210-story.html

I dont mind the sinage aspect with these new towers because its still far few in between!

Banana ?:whistle:

Zapatan Dec 11, 2018 1:02 AM

Quote:

Originally Posted by Steely Dan (Post 8404540)
tribune article states that construction is set to begin in 2019 (though no more specificity is given).

so along with OCS, that makes two pretty solid chances for 700+' skyscraper starts in 2019. perhaps 1000M will surprise us too.

and according to the rendering posted with the tribune article, it looks like we'll be getting another giant corporate logo in the sky. hooray...... :uhh:


Call me crazy but I kinda like logos on top of buildings. :frog:

Also, while Equinox isn't quite 700+ it too could start pretty soon, and as a relative neighbor to BMO will really enhance that area.

I also believe a recent article was posted stating that 1000M would break ground next month. Not sure if that's still a go.

HomrQT Dec 11, 2018 1:55 AM

Quote:

Originally Posted by Zapatan (Post 8404686)
Call me crazy but I kinda like logos on top of buildings. :frog:

As long as they are minimalist logos I'm ok with it. I've seen some wonky logos, especially overseas, and it just looks embarrassing.

NYC2ATX Dec 11, 2018 3:58 AM

Wow, with this and the Salesforce announcements, it feels like there will have been enough new office towers in this general area and along the river that it can be thought of as full redevelopment event/trend...sort of like when all the black and glass towers of Park Avenue in NYC went up at once in the '50s and '60s and fundamentally changed the feel of Midtown East. :cheers:

CastleScott Dec 11, 2018 4:05 AM

I would have preferred the earlier "cheese grader" but this one is good tall infill for west of the river-looks like they'll light it up good at night. Thanks for the rendering Steely Dan!:cheers:

rgolch Dec 11, 2018 4:08 AM

Not the most exciting tower. But I'm betting it'll look better in the flesh once it's done.

simon07 Dec 11, 2018 4:29 AM

What I like most about it is that it will beef up the SW loop skyline. I think it will really pop when you are driving West on 94 (really north in that spot) that section of the loop can use some more towers to bulk things up a bit.


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