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Things Are Looking Up for the Historic Otis Elevator Warehouse

Things are looking up (sorry) for the historic Otis Elevator Warehouse located in the city’s Pilsen neighborhood. DNA Info reports that a plan is underway to transform the vacant 130,000 square foot building into a multi-unit residential structure.

According to DNA Info:

The warehouse, originally constructed in phases between 1900 and 1905 by the Otis Elevator Co., was used for the manufacturing of elevator cabs, according to Cedar Street. The building, located just north of the BNSF railroad tracks and the Pilsen neighborhood, is listed on the National Register of Historic Places.

Speaking of elevators, if you need to remove an elevator shaft safely and cost effectively, call Midwest Wrecking Company at 312-666-1043. We’ve been Chicago’s Wrecking Crew since 1952.

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Who Wants To Buy A Chicago Icon?

chi-tribtower-p-20120711Up till just a few weeks ago, if you wanted to buy the Chicago Tribune building you would have had to settle for a four inch replica sold in souvenir gift shops. Not anymore. Earlier this month, Tribune Media announced that the landmarked neo-Gothic building, which houses the Chicago Tribune and other tenants is up for sale. The thirty six story building, located on perhaps, the most scenic stretch of land in the loop has been an iconic part of Chicago’s skyline for ninety years.

No word on what the listing price will be or if you’ll get the Sunday edition free with purchase.

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Lucky 21: Almost Two Dozen Highrises Currently Under Construction in Chicago

Highrises seem to be all the rage in Chicago. Currently there are 21 high-rises under construction within the city limits. What’s great for the construction industry might spell trouble for the rental market. While estimates vary, the building boom may produce up to 5,000 new rental/condo units. Are we heading towards a rental bubble in the next few years? 

One of our favorite blogs, Curbed Chicago has a great wrap-up of what’s going on:

http://chicago.curbed.com/archives/2015/10/06/chicago-highrises-under-construction.php