Format
Full
City
Chicago
State/Province
IL
Country
USA
Metro Area
Chicago
Project Type
Mixed Use
Location Type
Central Business District
Land Uses
Cultural Use
Education
Office
Retail
Supermarket
Keywords
Adaptive use
Historic preservation
Historic tax credits
LEED certified
Pedestrian-friendly design
Public-private partnership
Renovation
Tax increment financing
Transit-oriented development
Site Size
2.35
acres
acres
hectares
Date Started
2001
Date Opened
2012
The Sullivan Center project involved renovation and repositioning of a historic downtown department store complex made up of nine buildings on a 2.35-acre site in the heart of Chicago’s Loop. The upper floors of the building have been converted into modern office space, and the lower levels are now occupied by several retail and restaurant tenants, including a new three-level CityTarget store. The project unfolded over more than ten years and involved historic tax credits, tax increment financing (TIF), detailed historic restoration of cornices and cast-iron facades, creation of modern office and retail space, and a financial restructuring.
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Format
Full
City
Chicago
State/Province
IL
Country
USA
Metro Area
Chicago
Project Type
Mixed Use
Location Type
Central Business District
Land Uses
Cultural Use
Education
Office
Retail
Supermarket
Keywords
Adaptive use
Historic preservation
Historic tax credits
LEED certified
Pedestrian-friendly design
Public-private partnership
Renovation
Tax increment financing
Transit-oriented development
Site Size
2.35
acres
acres
hectares
Date Started
2001
Date Opened
2012
WEBSITE
Sullivan Center
OTHER VIDEOS
The Sullivan Center: The Pride of State Street
PROJECT ADDRESS
Sullivan Center
1 South State St.
Chicago, Illinois 60603
DEVELOPER
Joseph Freed and Associates LLC
Chicago, Illinois
312-675-5500
HISTORIC TAX CREDIT INVESTOR
Sherwin Williams
Cleveland, Ohio
CURRENT EQUITY PARTNERS
Winthrop Realty Trust
Elad Canada Inc.
ORIGINAL LENDER
National City Bank/PNC Bank
Pittsburgh, Pennsylvania
LENDER AFTER RESTRUCTURING
Talos Capital Ltd.
ARCHITECT (HISTORIC ELEMENTS)
Harboe Architects
Chicago, Illinois
312-977-0333
ARCHITECT (BASE BUILDING)
DePalma Group Architects
Chicago, Illinois
312-733-1460
INFRASTRUCTURE AND WHITE-BOX CONSTRUCTION
Leopardo Companies
Chicago, Illinois
312-516-3653
MASONRY AND TERRA-COTTA RESTORATION
Mark 1 Restoration Company
Gladding McBean
WINDOW RESTORATION
Roger & Sons Construction Inc.
CORNICE RECONSTRUCTION
Mark 1 Restoration Company
GFRC Inc.
CSOS Inc.
CAST-IRON FACADE RESTORATION
Berglund Construction
Custom Architectural Metals
Meccor Industries Ltd.
Historical Arts & Casting Inc.
MTH Industries
OFFICE LEASING/LANDLORD REPRESENTATIVE
J.F. McKinney
Chicago, Illinois