Two Permits Fit Out the 39th Floor of 320 S. Canal for Tenants
Chicago permits issued Oct. 27 and Nov. 5 list $9.9M and $9.2M for first-time office build-outs on the 39th floor of 320 S. Canal St.
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Two Chicago permits issued in the past two weeks cover first-time office build-outs on the 39th floor of 320 S. Canal St. One lists Qube Research & Technologies as applicant at a reported $9.2 million. The other, issued Oct. 27, lists $9.9 million for initial tenant work on part of the same floor.
Why it matters
A first-time build-out on a high floor tells you a lease has been signed and the tenant is committing real money to occupy it. At nearly $10 million for a single floor, the work points to a data-heavy or trading-oriented fit-out, though the permits do not describe the tenant’s business.
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Qube is named on the Nov. 5 permit; the Oct. 27 permit lists the building’s titleholder entity as owner, which is typical for landlord-side work ahead of a tenant. The records do not state that the two permits cover the same space, so we do not add them together.
The numbers
Permit 101086613 (Nov. 5) lists $9,240,000 for a first-time tenant interior build-out of the 39th floor, covering selective demolition, non-structural partitions, ceilings, finishes, furniture, equipment and mechanical, electrical and plumbing work. Permit 101086616 (Oct. 27) lists $9,900,000 for initial tenant work on partial 39th-floor space including communications and IDF rooms, a work room, a computer lab and a pre-action fire suppression room, with Skender Construction as general contractor.
Both costs are applicant-reported and may overlap. A third permit, a revision filed Nov. 6 by SCOR Reinsurance Company at the same address, indicates another tenant fit-out in the building.
What’s next
Watch for a lease announcement, which is where square footage and term would appear, and for additional tenant permits at the address. Office leasing activity is tracked on the Chicago market page.
ON THE RECORD: City of Chicago building permits 101086613 (issued Nov. 5, 2026) and 101086616 (issued Oct. 27, 2026). Costs are applicant-reported.
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Quick answers
- What is the latest on 320 S Canal St?
- Chicago permits issued Oct. 27 and Nov. 5 list $9.9M and $9.2M for first-time office build-outs on the 39th floor of 320 S. Canal St.
- Who is developing 320 S Canal St?
- Qube Research & Technologies and Skender Construction, according to City of Chicago Building Permits.
- What are the key numbers for 320 S Canal St?
- Qube permit: $9.2M; landlord permit: $9.9M; floor: 39th.
On the record
Permit 101086613, issued 2026-11-05, names Qube Research & Technologies Limited as applicant and lists $9,240,000 for a first-time tenant interior build-out of the 39th floor at 320 S Canal St; permit 101086616, issued 2026-10-27, lists $9,900,000 for an initial tenant build-out of partial 39th-floor office space with Skender Construction LLC as general contractor and the building's titleholder entity as owner.
Permit · data.cityofchicago.org