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The S’PARK project has been under construction for the last year, with an initial phase of 45 townhome units set to deliver in February, 2018.“By seamlessly integrating with residential spaces, we’re building a better home for shops and businesses at S’PARK,” said Scott Holton, Principal at Elements Properties.Northern Trust’s global headquarters will remain unchanged, at 50 S. Affiliates of The John Buck Company and Morgan Stanley purchased 333 South Wabash from CNA Financial Corporation (CNA) last year, after CNA signed a lease to relocate its offices, leaving a 750,000-square-foot vacancy in the 1.2 million-square-foot iconic red tower.

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333 South Wabash was originally constructed in 1972 and is known for its signature red exterior.

Ownership will complete substantial renovations to the property, including construction of a new building lobby, an upgraded fitness center, day care and tenant lounge.

The overhaul will also include the addition of an auditorium, food hall and a new private coach service for building tenants. Rolander and Cordell will continue to market the remaining office space at 333 South Wabash on behalf of ownership.

Dirk Degenaars, COO of The John Buck Company, added, “With the relocation of Northern Trust to 333 South Wabash and a commitment to modernizing the property for today’s generation of office users, this neighborhood will see an increased demand for office usage as people will be drawn to its vibrancy, proximity to the Lake and Grant Park, the abundance of amenities, as well as the convenience of transportation options.” About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.

3Eleven, which broke ground in June 2016, was designed by Fitzgerald Associates Architects with interiors designed by Juan Gabriel Moreno Architects.

3Eleven will offer 245 Class-A residences ranging from studios to 3-bedrooms and penthouse units.

This effort is part of our ongoing focus to drive efficiency and growth,” Northern Trust Corporation Chairman and Chief Executive Officer Frederick H. “This move will provide greater opportunities for our employees to collaborate and develop creative solutions in a state-of-the-art environment.” NKF Bill Rolander and Jon Cordell secured the 462,000-square-foot lease to Northern Trust on behalf of ownership.

Todd Lippman, Todd Doney, James Whalen, Maura Mahoney and Scott Brandwein of CBRE represented Northern Trust in the lease negotiations.

S’PARK will be a modern village with active greenspaces and cutting-edge sustainability for people to live, work, eat and play – a true mixed-use, mixed-income and transit-oriented place for Boulder Junction.

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