Good news re: an old, seemingly abandoned historic Chicago building on W. Madison. Local ad agency Schafer Condon Carter has purchased it, and it going to restore it. I don’t know how much they paid, nor how much they’ve budgeted to modernize it, but I’m happy they are doing so.
An employee left the following comment on the above Flickr photo:
Hey, good news! The advertising agency I work for, Schafer Condon Carter, recently bought the building and are in the early stages of internal demolition. We will be moved in by November of this year! The space has been vacant for quite some time and desperately needs some love which we’re all excited to give it! You can track the buildings progress from our site, www.sccadv.com. We will be installing time-lapsing cameras to catch its development. Cheers.
charles p. holden was a well-known chicago resident during the 1860’s & 70’s. he was deeply involved in real estate and/or development in and around the westside of chicago. this particular building was built shortly after the great chicago fire of 1871. as a consequence of the fire, this structure contains 8 seperate vaults w/ ornamental cast iron safe doors. that way, any valuable assets stashed away could be rescued if another conflaguration was to arise. in addition to the vaults, the first floor contained cast iron fluted columns w. corinthian capitals. the window and door casings were milled in a deep relief pine wood (typical of this period). interestingly, the load bearing columns on all of the upper floors were fashioned in the form of rounded wood columns w/ simple banding near the cap. the decorative stone facade will be rehabilitated during the building’s conversion to other uses.
From the SCC website:
Schafer|Condon|Carter (SCC) is pleased to announce its purchase of the C.C.P. Holden building at 1027 W. Madison Street in Chicago’s West Loop neighborhood. The agency plans to move its operations to the 34,500 square-foot building in the fall of 2011 after an extensive renovation.
C.C.P. Holden, a well-known Chicago political figure, railroad magnate and real estate developer was very involved in the massive reconstruction efforts after the Great Chicago Fire in 1871 and built the Italianate limestone, sandstone, terra cotta, brick and timber structure in 1872. It is one of only a handful of such architectural gems in Chicago. SCC will be working with Chicago-based Widler Architecture on the restoration. When finished it will be a model of conservation and sustainability.
(click here to continue reading Schafer | Condon | Carter.)
I’ll have to stop over there later this summer and see what changes are visible from the outside.