“Designers who are looking to expand their presence beyond a showroom at the Merchandise Mart will find that the Winston Tate Building offers a modern and inspiring environment.”
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Chicago, IL (PRWEB) July 13, 2010
Real estate developer Derrel McDavid has announced the final 11,250 square feet of space available for lease at the Winston Tate Building, a 18,750-square-foot commercial/residential loft building at 110 W. Kinzie Street in River North on Chicago's Near North side. The Winston Tate Building is currently home to Mercadito, a contemporary Mexican restaurant, and Snaidero, an upscale Italian cabinet and kitchen design firm.
Built in 1908 as a cotton mill, the building has undergone a complete renovation within the past three years and now offers five floors measuring 3,750 square feet each, with floors three through five available for lease. A new façade, rooftop deck, lobby, intercom system, elevator and stairway system complement the brick and timber beam loft spaces. Each level offers a full wall of windows along the north- and south-facing walls, while the fifth floor also features east-facing windows and a skylight. Zoned for commercial/residential use, the Winston Tate Building provides a unique opportunity for prospective tenants in search of a live/work, office or showroom space.
According to Derrel McDavid, partner in Kinzie Investments, LLC, the building's location one block east of the Merchandise Mart, the world's largest wholesale design center, places it in the heart of the city's fashion and design district.
"Designers who are looking to expand their presence beyond a showroom at the Merchandise Mart will find that the Winston Tate Building offers a modern and inspiring environment," said Mr. McDavid. "This building also includes personal touches that you won't find everywhere, such as an on-site property management team and private, keyed elevator service to each floor. Yet the rental rate is extremely competitive at $20 per net square foot."
One such tenant that was looking to expand beyond its showroom at the Merchandise Mart is Snaidero. Two years ago, the company was in search of an additional space that would be well suited for a commercial design studio. The Winston Tate Building's proximity to the Merchandise Mart, as well as an ability to build out the space to its specifications, led Snaidero to lease the entire second floor.
The building also is ideal for those in need of a live/work space. In fact, the fifth floor previously served as a residence and office for the building's development team. "An artist who wants an in-home studio, or an accountant or lawyer with their own practice, will appreciate the building's security-enabled entrance for receiving guests and clients, as well as the convenience of both an elevator and stairway," noted McDavid.
Available for $7,500 per month, the full-floor penthouse, two-bedroom/two-bath residence features luxury finishes including a Wolf® professional series stove, Sub-Zero refrigerator, Meile® dishwasher, and built-in coffee and espresso maker in the kitchen. The kitchen also includes extra-thick granite countertops, a skylight and a breakfast bar and banquette with custom seating by Urban Source. A wet bar off the kitchen includes a U-Line beverage center for entertaining.
The master bedroom includes a 200-square-foot walk-in closet, fireplace and private bath with a Jacuzzi® hot tub and Toto® toilet. Additional features of the home include an office space with two skylights and exposed brick; a dual-sided fireplace in the living and dining areas; automatic shades on the windows; a security system; and both central and local lighting control. The original wood floors have been refinished throughout.
Both commercial spaces as well as the private residence also have access to the 2200-square-foot roof deck which offers two levels, built-in seating, a pergola and striking views of Chicago's downtown.
For more information about the Winston Tate Building, please contact Derrel McDavid at (708) 848-2115 or jhalley(at)winklermcdavid(dot)com.