It’s been four years since the city gave its blessing to White Oak Realty Partners and CA Ventures to start construction on 625 West Adams Street, colloquially known as the Old Saint Pat’s Tower. Now there’s a report that dirt may finally move next month.
Crain’s Chicago Business reports that the developers have decided not to wait any longer to fill the building with leases before beginning construction. Interestingly, the paper notes that these days modern offices don’t have the luxury of signing a lease and then sitting on their hands waiting for a building is built. When they want office space, they want it now, and can’t afford to lollygag about while other companies get their acts together.
625 West Adams was designed by friend-of-the-blog, Martin Wolf over at SCB. It features 20 floors of offices above two floors of lobby, 400 parking spaces, 2,500 square feet of retail space, and church gathering space for up to 800 people. That church space is important because the parking lot where the high rise will rise is owned by Old Saint Patrick’s Church across the street. The church is selling the parking lot to the developers in exchange for parking, meeting, and office space in the new building.
Crain’s cited the developers with promising construction would begin in June, and anticipated completion in early 2018.
from Chicago Architecture http://www.chicagoarchitecture.org/2016/05/02/the-wait-is-over-old-saint-pats-tower-going-up-on-spec/