A new conservation center has been announced for the Art Institute of Chicago (AIC) at 111 South Michigan Avenue in the Loop. Located within Grant Park, the globally renowned institution is the nation’s second-largest art museum and houses over 300,000 pieces in its collection. The new center will offer guests a look into the conservation process.
Additional renderings have been revealed for the mixed-use redevelopment of the historic Field Building at 135 South LaSalle Street in The Loop. Following a series of recent conversions that are rapidly increasing the neighborhood’s population, the project has officially received $98 million in TIF funds, approved by City Council earlier this week.
Preliminary landmark recommendations have been approved by the Commission on Chicago Landmarks for two buildings in The Loop, ahead of their residential conversions. Located at 19 South LaSalle Street and 105 West Adams Street, both developments have been in the works for over a year and are part of the city’s LaSalle Street Reimagined initiative.
The residential conversion of The Pittsfield Building at 55 East Washington Street in The Loop has received the blessing of the Chicago Plan Commission. Developer Tom Liravongsa, The Skyscraper Guy, submitted a request to rezone the tower from DR-10 Downtown Residential District to DX-16 Downtown Residential District and then to Residential Business Planned Development so he can turn empty office space into 214 dwelling units, including 43 units set aside as on-site affordable.
Demolition of the commercial building at 424 South Wabash Avenue in The Loop is complete, with the structure razed from the site and the old foundation dug away and smoothed over. That means site prep is the next step toward the upcoming Marriott Tribute Portfolio Hotel long planned for the site.
