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  • April 20th, 2016
  • News

As Seen in Chicago Business

Four Corners Tavern Group and restaurateur Brendan Sodikoff are planning their third restaurant together, in a 53-story office tower under construction along the Chicago River.

Four Corners and Sodikoff’s Hogsalt Hospitality leased 9,000 square feet in the 1.2 million-square-foot tower that developer John O’Donnell is building at 150 N. Riverside Plaza, said Four Corners co-founder Matt Menna.

It will be the first restaurant in a trophy office tower for Four Corners, which got its start 15 years ago with Schoolyard Tavern & Grill in Lakeview and for years focused on neighborhood restaurant-bars. Four Corners was founded in 2001 by Menna and Andy Gloor, principals at Chicago-based development firm Sterling Bay, and now has 13 restaurants, with several others in the works.

The concept at 150 N. Riverside will be a mix of Sidebar Grille, a Four Corners bar-restaurant in the Loop’s LaSalle-Wacker Building, and the 270-seat SteakBar in Old Town, which opened April 14, Menna said.

The yet-to-be-named restaurant will include higher-end fare in a dining area that includes an outdoor terrace at river level, just below the ground floor, along with a bar off the building’s lobby, Menna said.

“The building has first-rate tenants, and we’re excited to be a part of that,” Menna said. “We’re creating a space that’s accommodating for business lunches and meetings, yet brings social elements that will create a fun atmosphere.”

As with SteakBar, the 150 N. Riverside space will be run by Four Corners, with Sodikoff overseeing the food and drinks, Menna said. SteakBar, on Wells Street in Old Town, has steak and seafood on the menu, as well as other dishes similar to those in Sodikoff’s other restaurants.

Other Hogsalt restaurants include Au Cheval, Gilt Bar and Green Street Smoked Meats.

Four Corners and Hogsalt in late May will open Federales, a tacos-and-tequila spot at Morgan and Lake streets. They are working on other potential joint ventures in Chicago, Menna said.

O’Donnell’s firm, Riverside Investment & Development, was represented in the lease by John Vance, a principal at Chicago-based Stone Real Estate.

The space at 150 N. Riverside, which will be designed by Karen Herold of Studio K, is set to open in the first quarter of 2017, Menna said.

Another Four Corners restaurant, Minneapolis-based lobster concept Smack Shack, opens tomorrow in 1KFulton, a Fulton Market office building where Google is the largest tenant.

The Riverside office tower is 80 percent leased to tenants including William Blair, Hyatt Hotels, Navigant Consulting and Polsinelli.

“This restaurant team’s local success speaks for itself, and the lease perfectly complements the property’s office tenant roster,” Riverside Executive Vice President Anthony Scacco said in a statement. “We are very pleased with the concept work we’ve seen to date and look forward to the venue becoming a unique and sophisticated West Loop destination.”

Just north of there, Hines Interests’ 52-story River Point office tower is also under construction. The restaurant there will be from Chicago’s Gibsons Restaurant Group.

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