CITY REPORT
200 condos on track for rehabbed train station
By Jeanette Almada
Special to the Tribune
July 15, 2007
The redevelopment of the eight-story Chicago Union Station headhouse, or
main terminal building, into a 26-story mixed-use building will include 300
hotel rooms and 200 condominiums.
Plans for the residential units were disclosed to the Chicago Community
Development Commission, which approved $58.8 million in tax increment
financing for the project in June.
The Lucien LaGrange-designed building will have a mix of studio and one- and
two-bedroom units with 575 to 1,600 square feet of space, Cathy Caisley, a
Chicago Department of Planning and Development project manager, told
commissioners.
The developers expect to price those units from $260,000 to $760,000.
Union Station comprises operating rail functions below a building at 222 S.
Canal St., east of Canal between Adams Street and Jackson Boulevard, and the
landmark headhouse, across the street at 210 S. Canal. The headhouse, with
the Great Hall at ground level and offices on the upper floors, is
considered an integral part of Daniel Burnham's 1909 Plan of Chicago.
Roughly 60 percent of the headhouse has been vacant for more than two
decades, according to Caisley. The site is owned by the Chicago Union
Station Co., a wholly owned subsidiary of the National Railroad Passenger
Corp. (Amtrak), Caisley said.
Union Station Development Co. LLC will rehab the headhouse and enter into a
long-term ground lease with CUSCo, according to Caisley.
The project will create a 26-story modernized structure with 600,000 square
feet of renewed office space, 85,000 square feet of retail space, 300 hotel
rooms and 200 market-rate condos, Caisley said.
Copyright © 2007, Chicago Tribune
200 condos on track for rehabbed train station
By Jeanette Almada
Special to the Tribune
July 15, 2007
The redevelopment of the eight-story Chicago Union Station headhouse, or
main terminal building, into a 26-story mixed-use building will include 300
hotel rooms and 200 condominiums.
Plans for the residential units were disclosed to the Chicago Community
Development Commission, which approved $58.8 million in tax increment
financing for the project in June.
The Lucien LaGrange-designed building will have a mix of studio and one- and
two-bedroom units with 575 to 1,600 square feet of space, Cathy Caisley, a
Chicago Department of Planning and Development project manager, told
commissioners.
The developers expect to price those units from $260,000 to $760,000.
Union Station comprises operating rail functions below a building at 222 S.
Canal St., east of Canal between Adams Street and Jackson Boulevard, and the
landmark headhouse, across the street at 210 S. Canal. The headhouse, with
the Great Hall at ground level and offices on the upper floors, is
considered an integral part of Daniel Burnham's 1909 Plan of Chicago.
Roughly 60 percent of the headhouse has been vacant for more than two
decades, according to Caisley. The site is owned by the Chicago Union
Station Co., a wholly owned subsidiary of the National Railroad Passenger
Corp. (Amtrak), Caisley said.
Union Station Development Co. LLC will rehab the headhouse and enter into a
long-term ground lease with CUSCo, according to Caisley.
The project will create a 26-story modernized structure with 600,000 square
feet of renewed office space, 85,000 square feet of retail space, 300 hotel
rooms and 200 market-rate condos, Caisley said.
Copyright © 2007, Chicago Tribune
--Dorian--
