(CHICAGO, IL) – Hines, the international real estate firm, held a ceremony on December 18, 2015 to celebrate the topping out of River Point, Chicago’s ultra-modern 52-story office tower being developed by Ivanhoé Cambridge, Hines and Levy Family Partners.
The 1.1-million-square-foot building is located in Chicago’s West Loop submarket and is designed by Pickard Chilton. River Point will offer world-class architecture and first-class amenities, including a 1.5-acre public park and landscaped river walk, restaurants, a fitness center and extraordinary views of the Chicago River and Lake Michigan. The building has been designed to achieve LEED® Gold.
General contractor Lendlease raised the final beam for the building in a ceremony attended by teammates from Hines and Lendlease.
“After years of planning, watching this tower take its place in the skyline is incredibly satisfying,” said Hines Senior Managing Director Greg Van Schaack. “When delivered, River Point will provide tenants with not only unparalleled views of the city, but also the technological requirements and other amenities necessary for our tenants to compete in today’s landscape.”
“Everyone at Ivanhoé Cambridge is proud of the way River Point’s architecture will make the Chicago skyline even more spectacular,” said Ivanhoé Cambridge Executive Vice President, Office North America Arthur Lloyd. “Our tenants will benefit from an unparalleled downtown experience, directly connected to the river, to urban transit and its urban surroundings.”
“We’re very proud to celebrate the topping out of this world-class project that has reshaped the iconic Chicago skyline,” said Lendlease Executive General Manager Jeff Riemer. “I want to acknowledge the combined efforts of Hines, Ivanhoé Cambridge, our design and construction partners and the Lendlease project team for reaching this important project milestone, and especially thank the trades people who have worked tirelessly to get us to this point.”
About Ivanhoé Cambridge
Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and companies in select cities around the world. It does so prudently with a long-term view to optimize risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a vertically integrated business across Canada. Internationally, the Company invests alongside key partners that are leaders in their respective markets. Through subsidiaries and partnerships, Ivanhoé Cambridge has direct or indirect interests in over 160 million ft2 of office, retail and logistics properties as well as in more than 23,000 multiresidential units.
Ivanhoé Cambridge held more than Cdn$48 billion in total assets as at June 30, 2015. The Company is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For further information: ivanhoecambridge.com.
About Hines
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 199 cities in 19 countries. Hines has $87 billion of assets under management, including $43 billion for which Hines provides fiduciary investment management services, and $44 billion for which Hines provides third-party property-level services. The firm has 104 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,100 properties, totaling over 346 million square feet. The firm’s current property and asset management portfolio includes 531 properties, representing over 186 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.
About Lendlease
Lendlease is a leading international property and infrastructure group. Listed on the Australian Securities Exchange and with circa 13,700 (June 2015) employees worldwide, Lendlease’s capabilities span the property value chain. The Americas region, headquartered in New York, offers project management & construction, public partnerships, development, asset and property management. Our expertise covers multiple sectors including arts & culture, commercial office, education, energy, government, healthcare, hotels & resorts, industrial, military housing communities, mixed-use, multi-site, pharmaceutical, senior living, telecommunications, transportation and aviation. We are committed to operating Incident & Injury Free wherever we have a presence, safely creating innovative and sustainable property solutions while forging partnerships and delivering maximum benefits to clients, investors and communities. www.lendlease.com.
