loader image

R2 Cos. and T2 Investments plan 13-story office tower in Evanston

1714-1720 Chicago Avenue

A venture that includes R2 Companies and Wheaton-based T2 Investments wants to develop a 13-story office tower in Evanston.

Plans submitted to the city detail a building with nine floors of office space over four floors of parking at 1714-1720 Chicago Avenue, according to Evanston now.

Paul Janicki Architects is listed in the plans as requesting the zoning change for the project, but the documents list Chicago-based R2 and Wheaton-based T2 as the owners. Janicki’s Evanston-based firm is listed on floor plans for the building along with R2 and Chicago-based Holabird & Root.

The city sold the developer the property, a former city-owned parking lot next to the Evanston library, for $4 million last year.

A consultant to the developer says the Class A office market in Evanston now has a vacancy rate of less than 5 percent.

A venture of Chicago-based GEM Realty recently agreed to buy a majority stake in another big Evanston office tower, the 20-story Orrington Plaza at 1603 Orrington Avenue, from Investcorp.  [Evanston Now] — John O’Brien

Recommend0 recommendationsPublished in Real Estate

Share this story with your network.

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print

Responses

Recent Stories

Del Marie: locked down, but not out

The rapper-dancer-performance poet rolls with the pandemic punches. 2020 started off so well. January and February were great months for 27-year-old rapper, dancer, and performance

Read More »

Speak with a local expert now.

Learn more about this recent happening by speaking with an agent.

X