Sullivan Center
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.