The team behind the highly anticipated One Winnetka project recently announced that the development’s first-floor retail space is sold out.

Six tenants will cover approximately 20,955 square feet of commercial space on One Winnetka’s Elm-Street facing first floor.

At the southeast corner of Lincoln Avenue and Elm Street, site demolition is complete, and the project broke ground earlier this year with plans to complete in December 2026 with commercial tenants starting to open in early 2027.

As previously reported, Ballyhoo Hospitality will open a Mediterranean restaurant as the anchor to the development and will be joined on the first floor by one other dining concept, Fare, a natural-food, fast-casual restaurant with several locations in Chicago and one coming soon to Oak Park.

Other signed-on businesses are: Solidcore fitness studio, Winnetka Aesthetic Studio with Dr. Paul Phelps, Duet Preservation Audiology and Charles Schwab, which has leased the project’s second largest space.

Murphy Real Estate Services accomplished the leasing.

“With all of the retail space now leased, One Winnetka continues to outpace our original assumptions,” said John Murphy, chairman and CEO of Murphy Real Estate, in a statement. “We look forward to next year’s delivery of the residential units, which we are confident will further contribute to the project’s successful momentum.”

One Winnetka is a four-story, mixed-use development with commercial space on the first floor and three floors for 59 residential units. Developers committed to adding 39 public parking spaces at ground level

Village trustees gave final approval to the plan in January 2025, about 10 months about giving it preliminary approval and ending more than a decade’s worth of discussion, deliberations and public meetings regarding one of the most prized redevelopment opportunities in New Trier Township.

In March, Ballyhoo Hospitality — the team behind Wilmette’s Sophia Steak, Winnetka’s Pomeroy and Highland Park’s DeNucci’s — confirmed it will open a Mediterranean-inspired restaurant within the development.

Ballyhoo confirmed that the Mediterranean concept will feature live fire cooking, seafood, dips and more. It reportedly will span 6,700 square feet with capacity to seat 200 inside and another 40 outside.