The original stone façade of the building was removed in favor of a glass exterior, and an additional 34 floors were added to its height.

Where the old and new sections of building meet there is an amenities level with indoor pool, sun deck, fire pit and outdoor kitchens.

[6] The first 26 floors of OneEleven were originally part of Waterview Tower, which was intended to be a 92-story luxury 1,047-foot-tall (319 m) hotel and condominium; financial setbacks caused construction to halt in 2008.

In 2011, developer Related Midwest took an interest in the abandoned tower and conducted an engineering study of the property to determine if any of the existing structure was salvageable.

In 2012, 111 West Wacker Partners LLC, the new joint venture, proposed a completely new design that re-purposed the existing structure into a luxury rental tower to better suit the current real estate market.