CHICAGO | Highrise Projects & Construction, v7

[Tom In Chicago]

Originally Posted by left of center

I honestly prefer AT&T 10 S Canal over it. At least that brutalist POS is ugly due to the important function it serves, as a massive switching station and server farm.

10 South Canal, built as AT&Ts Long Lines building, is a telecommunications central office. . . calling it a switching station is an oversimplification, but I'm ok with that. . . definitely NOT a server farm. . . [/nitpick]

. . .

[marothisu]

Originally Posted by left of center

^ Wow, that's fantastic news! Those are all brand new jobs, that will bring people to the city/metro. Love it!

Yes, and since they will be opening a pretty big office that means there should be a number of transfers in from within the company to Chicago to get the office rolling the right way - probably a number from NYC is my guess and probably London where their international HQ is. They also have offices in Singapore, Hong Kong, Mumbai, Shanghai, Korea, etc. I'd hope that if you have 1500 new employees, that around or more than 100 are internal transfers to get the ball rolling at the new office and a lot of them would be international hopefully. Probably more though in reality...which is great.

[left of center]

Thanks for the clarification, Tom

[spyguy]

Uh WPP is made up of a bunch of subsidiary companies which already have offices in Chicago. They are just consolidating all (or many) of those existing offices and jobs.

[marothisu]

Originally Posted by spyguy

Uh WPP is made up of a bunch of subsidiary companies which already have offices in Chicago. They are just consolidating all (or many) of those existing offices and jobs.

Yeah they do own a lot of companies - the article I saw mentioned just WPP, not any of the subsidiary company like Ogilvy, GroupM, etc. So either they are opening actual more corporate office and not anything specific to something like GroupM or the article was wrong and too general and you're correct. In that case, even if it's a consolidation, it's an interesting move of those jobs to a newer business type of area that is West Loop.

[chicubs111]

^ Not to get off track but for clarification
http://www.chicagotribune.com/busine...13-column.html

Its a consolodation...not new employees much...

[the urban politician]

Originally Posted by marothisu

Okay so 333 N Green St (aka 810 W Wayman), the one that just scored a building permit actually has an agreement from London-based advertising firm WPP to basically take the entire building (over 250,000 sq ft). WPP is the largest advertising/communications services company in the world. They hope to move in by early 2020.

The only office they have in the US right now is NYC (Manhattan) at just over 43,000 sq ft. So the Chicago office would be 6X larger than that. Of course, NYC is the HQ of GroupM, which is owned by WPP and has over double the space as this building, but you get the point. Good to see - that will be an influx if all goes to plan of probably at least 1200 new employees. Maybe closer to 1500 in reality is my guess.

This is not right. This news was announced in Crains months ago (and I posted it in the Economy Thread). WPP is moving its existing Loop office to this new location. This is not an entirely new office. Sorry to deflate anyone's excitement

[marothisu]

Originally Posted by the urban politician

This is not right. This news was announced in Crains months ago (and I posted it in the Economy Thread). WPP is moving its existing Loop office to this new location. This is not an entirely new office. Sorry to deflate anyone's excitement

WPP corporate does not have any offices in Chicago. The only office in North America for corporate WPP is in NYC, so yes its technically correct. They have other offices in Chicago for subsidiaries like Ogilvy. I think the article I read probably just talks about it and mislabeled WPP. however, an office like Ogilvy doesn't really have WPP name on it prominently.
http://www.wpp.com/wpp/about/whereweare/

Regardless, even if it is a consolidation, it's still exciting in terms of office district expanding even more into the West Loop which will probably justify more the new housing coming up.

[Randomguy34]

Originally Posted by marothisu

Regardless, even if it is a consolidation, it's still exciting in terms of office district expanding even more into the West Loop which will probably justify more the new housing coming up.

This then brings up the question of how will the Loop change over the next decade, now that many HQs are relocating to the West Loop. I think that will be the other major transformation we should keep an eye on

[Kumdogmillionaire]

Originally Posted by Randomguy34

This then brings up the question of how will the Loop change over the next decade, now that many HQs are relocating to the West Loop. I think that will be the other major transformation we should keep an eye on

The loop in the last 20 years has increased its amount of permanent residents drastically, so this is likely to be the case. I'd expect more and more conversions of these older office buildings into condos, apartments, and hotels as time goes on. The Loop will always be the CBD, but it won't be dead after 5PM ever again.

[marothisu]

Originally Posted by Kumdogmillionaire

The loop in the last 20 years has increased its amount of permanent residents drastically, so this is likely to be the case. I'd expect more and more conversions of these older office buildings into condos, apartments, and hotels as time goes on. The Loop will always be the CBD, but it won't be dead after 5PM ever again.

Yes, and I think this would be better. A truer 24 hour area than having parts be dead after 6 or 7. That would be much better in my opinion and having offices spread a little. Loop employment is at a like 20+ year high too I think

[harryc]

April 11

[harryc]

April 11









Post tension will start on the upper floors.

[harryc]

April 13

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April 11



This will change the intersection

[harryc]

April 11

[Vlajos]

Originally Posted by marothisu

Yes, and I think this would be better. A truer 24 hour area than having parts be dead after 6 or 7. That would be much better in my opinion and having offices spread a little. Loop employment is at a like 20+ year high too I think

Yes! This is exactly what I want to see continue.

[harryc]

April 11

[harryc]

April 11

[harryc]

April 13

From the back