The City of Chicago has approved the construction of a 20-story office building at 625 West Adams Street in Chicago's West Loop on land owned by Old St. Patrick's Church. The project, being developed by The Alter Group in partnership with White Oak Realty Partners, is expected to cost about $150 million and will be the first office building constructed in downtown Chicago in two years, according to a REJournals.com article.
Matthew Ward, senior vice president with The Alter Group, said in the statement that there are no large blocks of office currently available in the area. "The building is uniquely positioned to attract the sophisticated, cost-effective corporate user that understands the numerous economic benefits of being in a high-performance office building with large floor plates," he said.
"The project will include a 400-car parking garage and a community center serving Old St. Pat's, which will have the potential to seat as many as 800 people on the first two levels. The involvement of Old St. Pat's Church – a neighborhood landmark that survived the Chicago Fire of 1871 – assures a high profile for this project that is likely to appeal to prospective users," said Tom Saletta, Principal, White Oak Realty Partners. The building was designed by Martin Wolf, FAIA, Design Principal/Senior Vice President with Solomon Cordwell Buenz and Associates in Chicago.
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