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-   -   CHCAGO | Thompson Center redevelopment | Jahn's MASTERPIECE will be saved!!!!!!!!!!! (https://skyscraperpage.com/forum/showthread.php?t=249335)

ardecila Jun 29, 2022 2:54 PM

Is this actually gonna be a Google office, or is Google just gonna own the building and be a landlord? Fulton Market fits their image as a company with a youthful, trendy workforce... Thompson Center is a cool building, but in a deeply uncool area.

Also, how does Reschke fit into this? Is he just taking the building from the state, doing a build-to-suit and then selling to Google? Big companies usually prefer to work with local developers who can navigate the complicated process of entitlements and construction. Or is Reschke out completely? I have lots of questions!

galleyfox Jun 29, 2022 2:56 PM

Quote:

Originally Posted by marothisu (Post 9663071)

A bit confusing overall as I thought there were previous, solid plans for this. But if it means putting hundreds of Google employees there then, no problem. Might even spur someone to try converting some nearby office to residential, who knows.

It’s certainly out of left field, isn’t it?

But here are the State of Illinois and The Prime Group signing this buyback deal, and then along comes Google shopping for offices a few weeks later. Doh!

Bet that state deal got jettisoned out the airlock faster than light speed.

Quote:

The state of Illinois on Thursday finalized a deal to sell the James R. Thompson Center for $70 million and then buy back about one-third of the building for more than double that amount.

The state entered into negotiations with Rechke’s JRTC Holdings in December, and the deal was signed just ahead of a Tuesday deadline set in state law.

The $70 million upfront payment to the state is dwarfed by the roughly $146 million the state will pay to buy back office space once the notoriously rundown building is renovated, a net cost of $76 million.
https://www.chicagotribune.com/polit...oam-story.html

Handro Jun 29, 2022 2:59 PM

Quote:

Originally Posted by ardecila (Post 9663099)
Is this actually gonna be a Google office, or is Google just gonna own the building and be a landlord? Fulton Market fits their image as a company with a youthful, trendy workforce... Thompson Center is a cool building, but in a deeply uncool area.

Deeply uncool--until Google moves in and all the vacant office space (that costs a tiny fraction of comparable spaces in similar neighborhoods in SF and NY) downtown suddenly becomes very attractive to smaller tech companies... Pretty much the same thing happened in Fulton Market, right? There's been lots of talk of Google adding lots of new jobs in Chicago, maybe their Fulton Market office will be for engineers and tech workers and the new space would be for the front facing roles?

Unless I'm misreading this totally. Does Google have a RE arm now?

ardecila Jun 29, 2022 3:13 PM

Quote:

Originally Posted by Handro (Post 9663106)
Unless I'm misreading this totally. Does Google have a RE arm now?

That's what I'm wondering, maybe Google is just looking to park cash in urban real estate at a time when other kinds of investments are not looking good.

Last I heard, they were fully committed to expanding in Fulton Market, either with Sterling Bay or another developer. If they're anything like Amazon in Seattle, they don't need their buildings to be connected or directly adjacent, but they need to be within walking distance of each other, not a mile apart.

Via Chicago Jun 29, 2022 3:21 PM

is there a non-paywalled version beyond the headline? any details beyond the headline?

marothisu Jun 29, 2022 3:29 PM

Quote:

Originally Posted by Handro (Post 9663106)
Deeply uncool--until Google moves in and all the vacant office space (that costs a tiny fraction of comparable spaces in similar neighborhoods in SF and NY) downtown suddenly becomes very attractive to smaller tech companies... Pretty much the same thing happened in Fulton Market, right? There's been lots of talk of Google adding lots of new jobs in Chicago, maybe their Fulton Market office will be for engineers and tech workers and the new space would be for the front facing roles?

Unless I'm misreading this totally. Does Google have a RE arm now?

Exactly. Google could go into the uncoolest area and magically make it cool. Not many people actually thinks meatpacking itself is cool but Google showed up to it in Chicago and voila.

Google is investing in real estate but I think everytime they do it, they put some offices in there. Just like McDonald's at least. They own the real estate but also have their business on/in it. I'm not aware of any specific real estate investing arm that Google or its parent Alphabet has. They have typically invested via venture capital but buying real estate and purely being a landlord without them having offices there would be a first

galleyfox Jun 29, 2022 3:49 PM

Quote:

Originally Posted by marothisu (Post 9663147)

Google is investing in real estate but I think everytime they do it, they put some offices in there. Just like McDonald's at least. They own the real estate but also have their business on/in it. I'm not aware of any specific real estate investing arm that Google or its parent Alphabet has. They have typically invested via venture capital but buying real estate and purely being a landlord without them having offices there would be a first

If Google were just looking to park money in real estate, would the Thompson Center really be the first choice? That’s not minor upkeep and some repairs. The building needs hundreds of millions of renovations just to start. The original Reschke plan is about the most cost effective plan for the building itself.

And then The Prime Group last month started negotiating for other LaSalle properties. That’s an awful lot of confidence.

Quote:

Reschke, who earned the moniker “Harry Houdini” from Crain’s in 1999 for his ability to survive precarious financial situations in the city’s commercial real estate market, is trying to pull off another amazing escape. He’s eyeing more distressed Loop property after paying the state $70 million for the Thompson Center, the outlet reported. Reschke is leading what is likely to be an expensive makeover of the property.

His company Prime Group’s next purchase looks like it will be the loan attached to office buildings at 115 South LaSalle and 111 West Monroe Street, Crain’s reported, citing unidentified people familiar with the discussions. The buildings were longtime Chicago offices for BMO Harris Bank and law firm Chapman & Cutler, which lease about 900,000 square feet in the towers but are moving to the newly completed BMO Tower by Union Station.
https://therealdeal.com/chicago/2022...le-street/amp/

Busy Bee Jun 29, 2022 3:56 PM

https://y.yarn.co/96bfec3a-4b97-4789...8088d_text.gif
_

galleyfox Jun 29, 2022 4:39 PM

Quote:

Originally Posted by ardecila (Post 9663125)
That's what I'm wondering, maybe Google is just looking to park cash in urban real estate at a time when other kinds of investments are not looking good.

Last I heard, they were fully committed to expanding in Fulton Market, either with Sterling Bay or another developer. If they're anything like Amazon in Seattle, they don't need their buildings to be connected or directly adjacent, but they need to be within walking distance of each other, not a mile apart.

Here are some details



Quote:

The Mountain View, California-based tech giant is seeking to buy the Helmut Jahn-designed building at 100 W. Randolph St., where it plans to expand its Chicago offices into a large portion of the 17-story building’s soon-to-be-renovated office space, according to people familiar with the deal.
Quote:

It’s not known whether the Chicago developer, led by Chairman and CEO Mike Reschke, will flip the 1.2 million-square-foot structure to Google when Prime Group’s purchase is completed sometime this year or if Reschke will carry out his redevelopment plan for Google.
Quote:

It’s unclear how Google’s deal to buy the building would affect that agreement, which calls for 1,300 state employees to be based in the renovated space. The price also could not be determined.

The deal is not done yet and could change. Reschke declined to comment on Google’s plans. A Google spokesperson pointed to a Chicago workforce of nearly 2,000 people and said that the company will “explore opportunities to ensure our physical space meets the needs of local Googlers.”
Quote:

In April, just after Google parent Alphabet announced plans to invest $9.5 billion this year in office space and data centers, CoStar News reported that Google plans to add a large block of office space in Fulton Market.

Google has yet to publicly confirm plans for the Fulton Market expansion. The latest space, expected to be 200,000 square feet or more in the 16-story Fulton Labs building at 400 N. Aberdeen St., will continue the firm’s growth in the former meatpacking district.

west-town-brad Jun 29, 2022 6:44 PM

Quote:

Originally Posted by Handro (Post 9663106)

Unless I'm misreading this totally. Does Google have a RE arm now?

the linked articles does state that this would be google office space, but google does have a significant investment operation and they lend their cash on hand (the billions of it) for things like car loans and credit cards.

marothisu Jun 29, 2022 7:38 PM

Crains has a story in it now saying Google is looking to hire 1000 more people in Chicago. They are running out of space in Fulton Market and looking to buy some space downtown around LaSalle including Thompson Center and former B of A building at 135 S LaSalle.

galleyfox Jun 29, 2022 8:05 PM

Quote:

Originally Posted by marothisu (Post 9663458)
Crains has a story in it now saying Google is looking to hire 1000 more people in Chicago. They are running out of space in Fulton Market and looking to buy some space downtown around LaSalle including Thompson Center and former B of A building at 135 S LaSalle.

This is Exhibit A of why I’ve been skeptical of the “CBDs are over” chatter.

Sure, there’s a few historically significant dinosaurs in the Loop that are only suitable for residential conversion. But the Loop is simply the best neighborhood for scaling up quickly and handling large workforces.

marothisu Jun 29, 2022 8:20 PM

Quote:

Originally Posted by galleyfox (Post 9663482)
This is Exhibit A of why I’ve been skeptical of the “CBDs are over” chatter.

Sure, there’s a few historically significant dinosaurs in the Loop that are only suitable for residential conversion. But the Loop is simply the best neighborhood for scaling up quickly and handling large workforces.

Oh yeah. Depends on the building but definitely faster to scale up at times than building a completely new building. The Loop has the bones to actually be something cooler. Not that Midtown Manhattan is cool but I think The Loop could be better if it had more variety like there. Basically all you need is Google to go in there with like 500+ well paid employees and voila.

I've been working downtown mostly since last fall and there's definitely way more activity now down there than 5 or 6 months ago. It feels like something again - definitely way more people there. I always enjoy reading these stupid comments about how people are afraid to come to The Loop and nobody is there. Seems like those people haven't been downtown since December or January.


Google's shopping for more office space—and not just in Fulton Market

https://www.chicagobusiness.com/comm...e-office-space

Quote:

Google plans to add 1,000 jobs in Chicago in the next few years and is looking for more office space to accommodate them in a surprising location: LaSalle Street.

The tech giant is fast running out of space at its two buildings in the Fulton Market District and recently has been looking at buildings on LaSalle Street, including the James R. Thompson Center and the former Bank of America building at 135 S. LaSalle St., real estate sources and other people familiar with the company’s plans say.

If it proceeds with a deal, Google, which helped transform Fulton Market from a grungy meatpacking district into the city’s hottest neighborhood for commercial real estate and corporate HQs, would become the savior of LaSalle Street, a corridor famous as home to Chicago’s financial district that has become synonymous with post-COVID office vacancies. Much like it did in Fulton Market, Google could help draw companies to the central Loop.

Google grew throughout the pandemic and now has more than 1,800 Chicago employees, up from about 1,200 at the beginning of 2020. It’s looking to add 1,000 employees over the next two years and is working toward making a decision on its next office around Labor Day, says a source familiar with its plans.

..

“Chicago continues to be an important and growing hub for Google here in the Midwest,” a Google spokeswoman said in an e-mail. “What started as a two-person outpost in River North has expanded to a two-building campus that’s home to nearly 2,000 employees in Fulton Market. As Google grows in Chicago, we'll continue to explore opportunities to ensure our physical space meets the needs of local Googlers.”

..

CoStar News reported yesterday that Google is in talks to purchase the Thompson Center, suggesting Reschke could subsequently resell the property to the company or redevelop it for Google.

..

Reschke denied he is in any such discussion with Google. He said he would happily welcome Google to LaSalle Street if the company is hunting for more office space, but that "the only sale (the state) is working on is the sale to me," Reschke said, adding that he is not having any discussions to subsequently sell the building to Google. "We're moving forward with the deal that has been publicly announced."

But Gov. J.B. Pritzker told Crain’s today: “I’m excited that Google appears to be expanding its presence and its jobs in Chicago.” Asked directly if that expansion might involve the purchase of the Thompson Center, he would say only, “That’s not something I can talk about. . . .I’m not at liberty to talk about it.”

..

But Google could try to inject itself into the deal by purchasing the Thompson Center for its own use and finding a different destination for the state's offices. A source familiar with the discussions said one option could be the LaSalle Street property that BMO Harris Bank is vacating at 115 S. LaSalle St., which Reschke is also nearing a deal to buy.

Google has been willing to spend big on buildings and neighborhoods that are on the rebound and have great infrastructure, as it did in New York.

Chisouthside Jun 29, 2022 8:22 PM

Quote:

Originally Posted by marothisu (Post 9663500)
Oh yeah. Depends on the building but definitely faster to scale up at times than building a completely new building. The Loop has the bones to actually be something cooler. Not that Midtown Manhattan is cool but I think The Loop could be better if it had more variety like there. Basically all you need is Google to go in there with like 500+ well paid employees and voila.

I've been working downtown mostly since last fall and there's definitely way more activity now down there than 5 or 6 months ago. It feels like something again - definitely way more people there. I always enjoy reading these stupid comments about how people are afraid to come to The Loop and nobody is there. Seems like those people haven't been downtown since December or January.

Walked to the Prudential today for lunch and it was nice seeing a combo of tourists and office workers all strolling around.

marothisu Jun 29, 2022 8:27 PM

Quote:

Originally Posted by Chisouthside (Post 9663503)
Walked to the Prudential today for lunch and it was nice seeing a combo of tourists and office workers all strolling around.

I'm convinced that at least 75% of the people who shitpost about Chicago online don't actually live here or haven't been to whatever areas they're talking crap about for 2 years.

BuildThemTaller Jun 29, 2022 8:41 PM

Quote:

Originally Posted by marothisu (Post 9663511)
I'm convinced that at least 75% of the people who shitpost about Chicago online don't actually live here or haven't been to whatever areas they're talking crap about for 2 years.

You are describing John Kass and his readers/supporters to a T.

thegoatman Jun 29, 2022 8:49 PM

Quote:

Originally Posted by marothisu (Post 9663511)
I'm convinced that at least 75% of the people who shitpost about Chicago online don't actually live here or haven't been to whatever areas they're talking crap about for 2 years.

Most live in Indiana. I mean there's nothing better else to do out there in that wasteland so I get it.

thegoatman Jun 29, 2022 8:50 PM

Quote:

Originally Posted by BuildThemTaller (Post 9663540)
You are describing John Kass and his readers/supporters to a T.

John Kass lives in Indiana lol

marothisu Jun 29, 2022 9:03 PM

Quote:

Originally Posted by thegoatman (Post 9663558)
Most live in Indiana. I mean there's nothing better else to do out there in that wasteland so I get it.

Quote:

Originally Posted by thegoatman (Post 9663559)
John Kass lives in Indiana lol

It's actually insane. There are groups on Facebook that will have comments like "I moved away from Chicago in 1965 and haven't been back sense. OMG it's such a bad city now."


The Loop part is funny. There's definitely way more people downtown working now and at least during those hours at least it doesn't feel any more dangerous than say 2015. Back in November, December, etc it didn't feel like that either but way less people than now. I think people confused their feelings of safety sometimes with less people on the streets. I do think it's vital for these areas to be active again. Kind of a hard balance between knowing that a lot of people don't have to work in the office all the time to get work done vs. knowing that these areas need to stay vital still (and residential conversions may take awhile so...).

pip Jun 30, 2022 2:43 AM

Love it! I was indifferent to this building as I always thought it would be some cheap renovation. Keep it going Chicago!

ardecila Jun 30, 2022 6:26 PM

Quote:

Originally Posted by galleyfox (Post 9663222)
Here are some details

- Reschke says his deal with the state is still active and he does not have a deal to flip to Google.

- Google says they are exploring multiple downtown properties, not just the Thompson Center

- The state (Gov. Pritzker) won't comment.


My guess is that Ryan Ori heard a rumor and decided to publish a story without full confirmation. Maybe Google ends up buying JRTC from the state or from Reschke, but there is not a deal struck yet.

marothisu Jun 30, 2022 6:58 PM

Quote:

Originally Posted by ardecila (Post 9664488)
- Reschke says his deal with the state is still active and he does not have a deal to flip to Google.

- Google says they are exploring multiple downtown properties, not just the Thompson Center

- The state (Gov. Pritzker) won't comment.


My guess is that Ryan Ori heard a rumor and decided to publish a story without full confirmation. Maybe Google ends up buying JRTC from the state or from Reschke, but there is not a deal struck yet.

Sounds about right. Google's response is telling tho. They just said oh..we are hiring 1000 more and need more space. They never denied that they're probing these buildings for purchase and never denied trying to have a new office in The Loop.

r18tdi Jun 30, 2022 7:34 PM

Quote:

Originally Posted by ardecila (Post 9664488)
Maybe Google ends up buying JRTC from the state or from Reschke, but there is not a deal struck yet.

Correct. The initial CoStar report says as much. "The deal is not done yet and could change."

upupaway007 Jun 30, 2022 8:11 PM

The interesting thing to me about this rumor is that, if the goal is to have something that allows them to quickly scale up, why go with a property that needs extensive renovations? This city is filled with sub-leasable space that could meet their needs. If they do go this route, the ability to scale quickly may be less important than getting an iconic building.

Kngkyle Jun 30, 2022 8:40 PM

This is the catalyst needed to revive LaSalle. Regardless of whether Google buys the Thompson Center or one of the other mammoths on LaSalle this is game-changing news for the street if it actually happens.

Fantastic news.

mark0 Jun 30, 2022 9:39 PM

GOOG will probably make a splashy headline about it being their new hi tech retail experience or integrated retail work transit hub and drone base to cheering fans but it will really be the heart of their new dystopian surveillance net. You can't escape it. Don't even try.

marothisu Jun 30, 2022 9:44 PM

Quote:

Originally Posted by upupaway007 (Post 9664611)
The interesting thing to me about this rumor is that, if the goal is to have something that allows them to quickly scale up, why go with a property that needs extensive renovations? This city is filled with sub-leasable space that could meet their needs. If they do go this route, the ability to scale quickly may be less important than getting an iconic building.

Because there are specific requirements that they have that may not fit that bill. At the end of the day, working remotely in that period of time or figuring out how to utilize the existing space with hybrid approach may work better.

Or they could do what you are saying but temporarily. Companies like Google with a lot of money aren't typically going to go with a cookie cutter office layout. They have specific requirements but cookie cutter could absolutely be an interim solution until a build out is complete.

My company did this while building out a new NYC space. We went into an older building that wasn't great but we could still work. A year later when renovations were done we moved to the new office.

rivernorthlurker Jun 30, 2022 9:49 PM

Quote:

Originally Posted by Kngkyle (Post 9664634)
This is the catalyst needed to revive LaSalle. Regardless of whether Google buys the Thompson Center or one of the other mammoths on LaSalle this is game-changing news for the street if it actually happens.

Fantastic news.

Agree - It would be exciting and valuable to have a major top tier tech presence in the Loop.

SIGSEGV Jun 30, 2022 10:38 PM

Quote:

Originally Posted by mark0 (Post 9664696)
GOOG will probably make a splashy headline about it being their new hi tech retail experience or integrated retail work transit hub and drone base to cheering fans but it will really be the heart of their new dystopian surveillance net. You can't escape it. Don't even try.

The Thompson center was supposed to symbolize transparent government, but instead it may become Alphabet's panopticon. Love it.

r18tdi Jul 7, 2022 2:44 PM

Interesting stuff from the developer:

Can Mike Reschke save the Loop?
Hope for a downtown real estate revival rests on the veteran developer's shoulders.
https://www.chicagobusiness.com/comm...n-chicago-loop

The Pimp Jul 8, 2022 6:38 PM

Quote:

Originally Posted by r18tdi (Post 9669872)
Interesting stuff from the developer:

Can Mike Reschke save the Loop?
Hope for a downtown real estate revival rests on the veteran developer's shoulders.
https://www.chicagobusiness.com/comm...n-chicago-loop

Can you please stop posting articles that folks cannot access.

r18tdi Jul 8, 2022 7:48 PM

Quote:

Originally Posted by The Pimp (Post 9671080)
Can you please stop posting articles that folks cannot access.

Work harder and make more money idk

The Pimp Jul 8, 2022 7:53 PM

Quote:

Originally Posted by r18tdi (Post 9671172)
Work harder and make more money idk

Hmmm. As Northwestern physician I kinda thought I was already doing well. I guess not.

MAC123 Jul 8, 2022 7:54 PM

Quote:

Originally Posted by r18tdi (Post 9671172)
Work harder and make more money idk

Or, and here's an idea, don't.

https://www.google.com/amp/s/thereal...naissance/amp/

Xing Jul 8, 2022 10:52 PM

Quote:

Originally Posted by thegoatman (Post 9663558)
Most live in Indiana. I mean there's nothing better else to do out there in that wasteland so I get it.

I’m not going to pin this on just Indiana, but these people think living an hour from Chicago and watching the local news is enough for them to be experts online about the city. It’s obnoxious nonsense much of the time.

Mr Downtown Jul 9, 2022 3:23 AM

Quote:

Originally Posted by The Pimp (Post 9671080)
Can you please stop posting articles that folks cannot access.

Why are we unable to access the article?

Or do you mean that you're just too cheap to pay for journalism?

MAC123 Jul 9, 2022 4:10 AM

Quote:

Originally Posted by Mr Downtown (Post 9671566)
Why are we unable to access the article?

Or do you mean that you're just too cheap to pay for journalism?

No. He means we, yes we, are unable to access the article.

Briguy Jul 9, 2022 8:33 AM

Quote:

Originally Posted by MAC123 (Post 9671590)
No. He means we, yes we, are unable to access the article.

I appreciate the links even if they are not accessible to all for free. It's not some sort of powerplay to flex your crains subscription lol. It's probably the most relevant publication to this website forum.

Turns out this is actually a mid 2000s website forum and NOT a federally protected space where everything must be 100% accessible to all.

Mr Downtown Jul 9, 2022 1:43 PM

Quote:

Originally Posted by MAC123 (Post 9671590)
we, yes we, are unable to access the article.

Please explain in what way we're "unable to access the article." What error message do you get?

Or do you mean it in the same sense that we're also "unable to access" the Sunday brunch buffet at the Peninsula Hotel?

Handro Jul 27, 2022 2:12 PM

https://www.chicagobusiness.com/comm...hompson-center

Ok, it's official, Google is buying the Thompson Center. Reschke is still going to handle the renovations.

Big news, potentially exciting.

Randomguy34 Jul 27, 2022 2:12 PM

Bringing Google to Chicago's Thompson Center

Quote:

In 2000, Google’s Chicago office consisted of two people in River North. Now, that presence has grown to more than 1,800 employees in Fulton Market. And today, we’re announcing we intend to buy the iconic James R. Thompson Center building in Chicago’s Loop upon future renovation, which deepens our commitment to Google’s long-term presence in the city. The cost of the existing unrenovated building is $105 million.

This will support engineering work in Chicago and helps advance the growth of Google’s partners and customers across the Midwest and nationally. It also helps us meet the future needs of our flexible hybrid workforce. By establishing a presence in Chicago’s central business district, we will be getting in on the ground floor of a broader revitalization of the Loop.

The Thompson Center will provide employees with unparalleled public transit access as the only building in the city where six L train lines converge, easily connecting Chicago’s South, West and North sides. Once renovated to a Class A environmentally friendly office building, we anticipate occupying the Thompson Center starting in 2026.
https://blog.google/inside-google/co...ompson-center/

rivernorthlurker Jul 27, 2022 2:31 PM

Quote:

Originally Posted by randomguy34 (Post 9686995)
bringing google to chicago's thompson center


https://blog.google/inside-google/co...ompson-center/

Wow. I guess this whole situation turned out better than expected...

Steely Dan Jul 27, 2022 2:33 PM

"And I, for one, welcome our new Google overlords."


But kidding aside, great news for the building, and the Loop in general.

left of center Jul 27, 2022 2:46 PM

I dig it. This is a big sign of confidence in the Loop in an era of ghost town CBDs. Hopefully a sign of more investment to come!

rivernorthlurker Jul 27, 2022 2:47 PM

Salesforce tower on Wolf Point and now Google in the Loop. Wow things change fast!

west-town-brad Jul 27, 2022 2:54 PM

great news on google.

but what happened to the other guy who was going to buy and renovate? did he just get booted?

also google is saying it cost them $100 million but I though the other guy was going to pay like $250 million? maybe that higher number included the renovation?

edit: crains is saying that guy (whatever his name is) is still going to renovate the building for google so I guess he is still involved

ardecila Jul 27, 2022 2:54 PM

I'm happy the Thompson Center will be saved, but it's intended as a piece of public architecture, not the local palace of our corporate-tech overlords. I liked the original Reschke plan because the state would move back into the building at the end, but the public spaces could be renovated more creatively.

Now Google is taking the city's grandest interior rotunda, our local PoMo outpost of the Illinois State House, and the state is moving to a buttoned-up corporate tower on LaSalle St where bureaucrats get to hide themselves away anonymously. It's the cheapening of our public space, just like the Old Post Office getting substituted with a lowrise shitbox in the 90s and eventually becoming the local palace of Uber. Or the beautiful concourse of Union Station getting torn down for an ugly office tower and turning the station into a cramped rabbit warren. We get the urbanism we deserve, I guess - it's just sad.

(fwiw, the Harris Bank complex on LaSalle is a great piece of modernism, it's just not public-spirited the way JRTC is)

twister244 Jul 27, 2022 2:56 PM

Quote:

Originally Posted by Randomguy34 (Post 9686995)
Bringing Google to Chicago's Thompson Center


https://blog.google/inside-google/co...ompson-center/

Really happy to see this. As others have noted, it sends a strong signal that, despite certain media outlets, downtown Chicago is not crumbling, but is on track to thrive in a post pandemic world.

The building really does seem like it's perfect for Google. Happy to see them invest into it. I wonder if this will have impact to the blocks immediately around it in terms of street level retail/restaurants, etc.

Best outcome for the building IMO.

twister244 Jul 27, 2022 2:58 PM

Quote:

Originally Posted by ardecila (Post 9687042)
I'm happy the Thompson Center will be saved, but it's intended as a piece of public architecture, not the local palace of our corporate-tech overlords. I liked the original Reschke plan because the state would move back into the building at the end, but the public spaces could be renovated more creatively.

Now Google is taking the city's grandest interior rotunda, our local PoMo outpost of the Illinois State House, and the state is moving to a buttoned-up corporate tower on LaSalle St where bureaucrats get to hide themselves away. We get the urbanism we deserve, I guess.



(fwiw, the Harris Bank complex on LaSalle is a great piece of modernism, it's just not public-spirited the way JRTC is)

While I understand this concern, one has to wonder if a public remodel option was even feasible here? It would require funding from the city, and they are already heavily distracted by other major projects.

Is it possible Google maintains a small public area for folks to enjoy? One can hope.

left of center Jul 27, 2022 2:58 PM

Anyone know if Google will be consolidating all their offices at the Thompson Center, or if they plan on keeping their Fulton Market campus? Considering their exponential growth in the city, I think they might need to retain both for the number of workers they currently have and plan on growing to.

Quote:

As part of the deal, the state will receive $30 million in cash and will get 115 S. LaSalle St. That will be renovated, and state employees will then work from there.
Source: https://blockclubchicago.org/2022/07...ompson-center/

This is an interesting tidbit. How did 115 S LaSalle get involved in this deal? Was this property owned by Google or Reschke? I assume the state will assume ownership of this building and not lease their offices in there. Either way, consolidating offices all in one location would be a good thing for the state, both from a financial as well as operations perspective.


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