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Here are Chicago’s 10 biggest investment sales of 2020
Office deals led the pack, including sale of McDonald’s HQ in Fulton Market and Michael Shvo’s purchase of “Big Red” tower in Downtown Chicago /
As with most other cities, Chicago’s commercial real estate market went off the rails in 2020, upending what had been a promising start to the year. Demand for office space tanked, hotels emptied out leaving owners struggling to pay their loans and Covid restrictions strangled retailers whose customers dared to venture into brick-and-mortar stores.
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Date: 18 December 2020Source: www.vitroglazings.com
Photo source
Date: 18 December 2020
SOLARBAN 60 glass meets the historic landmark, energy efficiency demands for historically accurate renovated windows at the Old Chicago Post Office
Once a bustling center of mail-in orders shipped by catalog companies in their heyday, such as Sears, Roebuck and Company and Montgomery Ward, the formerly shuttered historic Old Chicago Main Post Office has been brought back to life as a large office and retail complex.
Preserving the beauty of Graham, Anderson, Probst & White’s original 1921 design, the 2.8 million square-foot, 9-story limestone structure, which stretches a full city block through downtown Chicago, was upgraded with 2,400 historically accurate windows fabricated with
(Credit: the 601W Companies)
The historic Old Chicago Main Post Office building, which occupies an entire city block in downtown Chicago, has been updated with 2,400 energy efficient, insulating windows. The windows transmit 70% of available visible light while blocking 62% of the sun’s heat energy.
The formerly shuttered, historical landmarked building has been brought back to life as a large office and retail complex. While it was exempt from meeting the local energy code requirements, developer 601W Companies was interested in the energy efficiencies leveraged by insulating glass units. Ultimately, the building was upgraded with 2,400 historically accurate windows fabricated with Solarban 60 solar-control, low-emissivity glass by Vitro Architectural Glass.
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