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Old Posted Nov 2, 2016, 5:06 PM
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Cool CHICAGO | 301 & 321 S Wacker Drive | 2 x 775 FT | 2 x 49 FLOORS


November 02, 2016
Twin office towers planned on Wacker Drive

By Ryan Ori

A venture led by Chicago developer John Murphy is buying two Wacker Drive parcels near Willis Tower where it plans to build twin 48-story office buildings.

Murphy Development Group has a letter of intent to buy the parcels at 301 and 321 S. Wacker Drive from Oak Brook-based InSite Real Estate, Murphy said. He declined to disclose terms of the deal, which he said is expected to close before the end of the year.

Murphy and investment partner Walsh Investment, an affiliate of Walsh Construction, plan to build 1.2 million-square-foot office buildings on each of the sites,

The Wacker Drive sites are already zoned, and the proposed buildings have been designed by Kohn Pederson Fox Associates, the architecture firm that designed 311 S. Wacker. Each tower could be completed within two years of a signed lease, Murphy said.
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