Salesforce’s former office in River North will soon be converted into apartments, as office vacancy rates in the neighborhood continue to climb.

A joint venture between Chicago area firms Path Construction and WindWave Real Estate purchased the upper floors of the office building at 111 W. Illinois St. for $17 million, according to the development team.

The firms also acquired the retail space on the building’s ground floor. Roka Akor and Tarry Coffee are currently tenants.

Path and WindWave will convert the upper floors of the 10-story building into 153 luxury apartments, with high-end amenities.

“The location speaks for itself,” Jack Tse, Path’s director of development, said. “We want to make sure it’s a cozy, private, elevated place within a busy city.”

Construction work will start

See Full Page