Monday, August 10, 2009

New Highrise Coming to 1441 S. Michigan?

It doesn't seem like the best time to be planning a new high rise in the South Loop, but Mayor Daley's nephew and his company are according to this article in the Sun-Times:
Robert Vanecko and his company have a contract to buy what's now the South Loop headquarters of the National Association of Letter Carriers at 1411 S. Michigan, which they plan to knock down and replace with a 220-unit apartment building.
For those unfamiliar with the exact location it's right next to The Chicago Firehouse restaurant.

(image from Chicago Architecture Info)


Unknown said...

Two words BAD IDEA!

There are so many empty lots in the south loop that need development and they want to raze this relatively decent building???

Chances of success = <10%

pt said...

Regardless of them having a contract, I hope the financing or something falls through on that deal.