Sunday, March 31, 2019

Beauty and the Beast (The Chicago architecture edition)

Photos by Retiring Guy

Beauty is the 1924 Wrigley Building which, along with the 1925 Tribune Tower, serve as the gateway to the Magnificent Mile.

The Beast is a 98-story, glass-sheathed montrosity that includes retail and a parking garage (3-12) hotel condominiums (17-27), condominiums (27-87), and penthouses (86-89).

At night -- not so lit up.

Trump Tower’s failure is an outlier in Chicago’s competitive retail market, where no comparable space has languished on the market for nearly this long. Over the years, the Trumps have cycled through multiple leasing agents without success. Last year, the Trump name was even removed from marketing materials. And then added back again. Last summer, Donald Trump Jr. paid a visit to the property to kickstart leasing activity. 
These efforts have proven futile: In 2018 alone, the tower’s leasing brokers, RKF and ARC Real Estate, spoke with at least 77 potential tenants — mostly cafe and restaurant operators — to discuss a potential lease, according to the tax appeal documents. All said no.

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