Tampilkan postingan dengan label Downtown Court Club. Tampilkan semua postingan
Tampilkan postingan dengan label Downtown Court Club. Tampilkan semua postingan

Kamis, 25 September 2014

Update: Side Lot Windfall lastest twist in the epic Wrigley Building Chronicles


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Since William Wrigley first started his empire using chewing gum to sell baking powder, the story of the William Wrigley Company, and its role in defining Chicago architecture has been an epic one, and now there's a new O-Henry-like twist.

The ornate cream terra-cotta towers of the Wrigley Building, with its gleaming floodlit night time presence (although a bit dimmer of late) anchoring the foot of Michigan Avenue, have been among the most iconic structures in Chicago for almost a century.  After the huge Mars Candy corporation dumped the building after it acquired the William Wrigley Company and moved out all the employees to Goose Island, however, it didn't have much commercial value.  Shorn of its anchor tenant, with a derelict plaza between the towers and interiors often lightly maintained down through the decades, the nearly half-million square foot property sold for a bargain basement $33 million back in 2011.

Since then, the owners have done a gut rehab of the interior . . .
. . .  and hired Goettsch Partners to do a bang-up restoration of the plaza between the Wrigley Building and the Wrigley Annex . . .
And just months ago, a shiny new, two-story Walgreen's opened in the Wrigley Building Annex.
Almost an afterthought, the original 2011 deal included a site a block to the north that the Wrigley Company also owned and had leased to the Downtown Court Club to construct a massive new sports facility. Now that seemingly sideshow property is about to provide a windfall that will exceed that $33 million purchase price for the both the Wrigley buildings and the athletic club location.  Ryan Ori of Crain's Chicago Business is reporting that the owners, BDT Capital Partners LLC, in the process of demolishing what became the Lake Shore Athletic Club building for a surface parking lot, are about to sell the site for an estimated $40 million, more than it cost them to purchase both the Wrigley Building and Annex and the athletic club property only three years ago.
At that price, the property would appear be primed for a huge high-rise development that would justify the purchase price of the lot it's built on.  A location a block off Michigan Avenue would appear to be a limiting factor, but by extending the Plaza of Americas, by replacing the current narrow walkway with a full street decking, would eliminate that isolation and make the new skyscraper appear to be an extension of the Mag Mile.

It's a hell of a  story, and you can read how it's evolved over the last few years in the articles below . . .

The Wrigley Building Chronicles
Four Buildings and a Funeral - Wrigley: The Architecture that Remains after a Great Company Dies.
Plaza of the Americas to get renovation: Wrigley next, please, please.
Plaza of the Americas rehab:  zzzzzzzzzzzzzzzzzzzzzzzz

Wrigley Building Plaza:  Where Perfect People meet the Rest of Us
 The $2 Million bargain: The Grandeur of the Wrigley Building Plaza restored
The Realtors Dream - Does the Plaza of the Americas Have a Future?
An Affectionate Last Look at a Building Not Worth Saving: Wreckers descend on the Downtown Court Club


Senin, 25 Agustus 2014

An Affectionate Last Look at a Building Not Worth Saving: Wreckers descend on the Downtown Court Club

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Looking at it from Wabash Avenue last Saturday, the looming presence of the former Lake Shore Athletic Club building at 441 North Wabash appeared almost normal.  It's only when you walked down the block to view it from the east that you got a true picture of what's going on.
What's in store for this prime square-block site is still a closely-guarded secret - until the first dispiriting renderings are released, we can always imagine it will be something fresh and wonderful - but what's totally clear is that the former Lake Shore Athletic Club is on the road to nowhere. 
The six-story building was originally constructed in 1978 - to a design by Solomon, Cordwell, Buenz - as the Downtown Court Club.  According to our indefatigable correspondent Bob Johnson, who was working at engineering firm Benesch at the time, the site was originally intended for a 20-story Howard Johnson's Motor Hotel, 95% designed by time a major recession finished it off. 
 At 60,000 square feet and a cost of $3.5 million, the Downtown Court Club was created as a state-of-the-art facility, with four tennis courts, four racquetball courts, two squash courts, a swimming pool, exercise room, saunas, whirlpools.  Two levels of parking were stuffed beneath the entrance level at upper Wabash, with cars entering and exiting at the lower service street level along Hubbard.   Furniture was upholstered in beige with �Gucci strips.� The lounge was decorated with the large ferns that were hallmarks of the age, as was the emerging racquetball craze that saw one add proclaim �Try Racquetball. It's Fun.  It's Easy.  It's Great Exercise.� When an indoor running track was added the next year, ads proclaimed the facility �the most complete Racquet Sports-Physical Fitness Center in Chicago.�  The club hoped to draw upon the nearby population in nearby residential highrises, and both secretaries and the executives of the district's office towers.
A elevated walkway over Hubbard Street ran by the side of the building to suck in patrons from  Michigan Avenue.  Memberships started at $55.00 a month.
The Downtown Court Club building and the square-block, 1.5 acre site it partially occupied at its southwest corner were owned by the William Wrigley Company, whose clock-towered, cream-colored terra cotta Michigan Avenue headquarters was less than a block away.
In 1992, operation of the sports facility was taken over by the parent firm of the Lake Shore Athletic Club.  A major renovation followed, but the company allowed its lease to expire in 2007.  The building has been vacant ever since.   In 2009, Wrigley hired a real estate heavyweight  to try to find a new tenant, without success.  By 2011, Wrigley, itself,  had been swallowed up by candy-maker Mars, Incorporated, which promptly began moving all of the Wrigley employees out of the namesake Michigan Avenue landmark that had been both the company's home and a gleaming trademark ever since its construction in 1921.  Finally, as reported byAlby Gallun in Crain's Chicago Business, both the Lake Shore Athletic Club structure and the its larger, full-block site were thrown in as sweetener to a $33 million deal that saw BDT Capital Partners LLC acquiring the historic but emptying Wrigley Building.  With the right development, that sweetener could prove more valuable than the Wrigley Building itself.

While there's still some of it left to see, let's take a moment to appreciate the qualities the Downtown Court Club building brought to the urban fabric.  Brawny and overbearing at the same time, its scored facades, framed within borders that clearly expressed the structure within, were like a Claes Oldenberg-scaled homage to aluminum siding. 
The largest strip of windows was placed at the base of the building, next to a skeletal steel stair painted bright blue, set in a open bay which was the only significant inset from the bunker-like shear walls.
 All at once, it's a visual joke on the order of the metal-clad base beneath two floors of heavy rusticated stone at William Le Baron Jenney's Manhattan Building; it's a bit of early Post Modernist mannerism devoid of the usual neo-classical confusion; and it's an effective anchoring of the building's corner in a way that both clearly demarcates the entrance and provides a mitigating counterpoint to the crushing monotony all around it.
No preservationist's picket lines were thrown up at 441 North Wabash when the bulldozers arrived. The Downtown Court Club may not be a building for the ages, but it's a child of its time.  And that's what architecture should be - a snapshot of an era's attitudes and concerns, priorities and fashions.  I probably won't often think of it when it's gone, but when I do, it will be with a fond smile.