Chase eyes sites for potential new skyscraper, in what could lead to one of the largest office leases in Chicago history
https://www.chicagotribune.com/busin...m6y-story.html
Some snippets..
JPMorgan Chase is looking at development sites where it could lease as much as 1 million square feet in what could lead to one of the largest office leases in Chicago history. It also could mean changes for the bank’s well-known Loop office tower.
The banking giant, which owns and occupies the 60-story Chase Tower, recently toured several sites and listened to pitches from developers looking for an anchor tenant to kick off construction of a new skyscraper, according to people familiar with the search.
If Chase does move, it likely would look to sell its distinctive, sloped tower.
But there are signs pointing to a deal this time around, amid increased attention to the quality of office space as companies call workers back from home after more than a year of COVID-19 precautions.
Another factor likely to influence Chase’s thinking: Bank of America and BMO Financial are relocating and putting their names on brand-new Chicago towers.
Those making pitches to Chase include Tishman Speyer for a vacant site at 130 N. Franklin St., and Hines for a site south of Willis Tower at 401 S. Wacker Drive. John Buck Co. proposes a site at 655 W. Madison St., along the east side of the Kennedy Expressway.