|Rich says that big tenants are on the verge of signing up for large blocks of space in new downtown towers. Even though vacancy is still relatively high, there are few big blocks to choose from. And the Chicago CBD is seeing an influx of new tenants doing relos from area suburbs and other Midwest cities. (Can we call Chicago the Rome of the Midwest? All roads lead there.) Rich envisions a 400k SF tower on the W Adams site, so a 200k SF lease is enough
for him to get out of the ground. While focused on filling existing
offices left vacant “when the music stopped” a few years ago (including
Alter’s 111 W Illinois St), Rich is also looking for office development sites in South Florida. And Alter Care, the company's healthcare affiliate, is building facilities in Philly and Tampa.