The Chicago Community Development Commission has approved initial financing for some of the first LaSalle Street Reimagined projects to move forward. While four projects were presented at yesterday’s meeting, we will be covering the first two today. Those include the proposals at 30 N LaSalle Street and 79 W Monroe Street all within The Loop.
Demolition work is clearly evident at 100 West Randolph Street in The Loop, as the transformation of the Thompson Center for Google hits its stride. The ceremonial kickoff for the renovation took place earlier this week, but demolition work has been underway for a few weeks. Along with considerable progress at street level along the perimeter of the building, there’s also a gaping hole in the east facade of the Helmut Jahn classic in The Loop. Clark Construction is the general contractor tasked with redoing the office building so Google can move in upon rehab completion.
Construction has formally commenced on the redevelopment of the Thompson Center at 100 W Randolph Street in The Loop. The iconic structure has been fenced off for a while with pre-construction work and prep going on. The redevelopment is being led by developer Prime|Capri and Google with the building’s original architecture firm JAHN working on the new design.
On Wednesday, April 3rd, Mayor Brandon Johnson announced the selection of four developments for the LaSalle Street Reimagined initiative. These projects aim to rejuvenate the area by brining residents into the corridor after pandemic vacancies, utilizing $151.2 million in tax-increment financing funds. The office-to-residential developments will repurpose underused office buildings and adding over 1,000 new residential units, including at least 319 affordable units. Pending approval by the City Council, completion is slated for 2027 as reported by WTTW News.
New funding has been announced for a handful of businesses located in The Loop, with a focus around the LaSalle Street corridor. Announced earlier this month by Mayor Brandon Johnson, the distribution is the next step of the Small Business Improvement Fund created by former Mayor Lori Lightfoot in 2023 according to Block Club.
