January 8, 1954 – Another big sale of real estate
in the Loop occurs, this one the Cable Building, a ten-story Holabird and Roche
design at 57 East Jackson. B. B. Provus,
the vice-president of American Glass Company is the trustee whose name is on
the transaction, one made for the Provus estate. Provus said that the estate plans to remodel
the building into shops. That worked for
a time. By 1962, though, a new mid-century
modern skyscraper designed by C. F. Murphy replaces the building. The Cable building was a beautiful piece of
architecture. Fotunately, the building
that replaced it is an impressive design as well.
Also on this date from an earlier blog . . .
January 8, 1980 - It is reported that the Illinois Appellate Court in Chicago has upheld the city's acquisition of the Sherman House Hotel under eminent domain rights. Citing the argument that only eight percent of the building's commercial space was being utilized, the court found that the city's intent "to rid the Loop of a blighted area" was valid. The city had previously agreed to pay the Teamsters' Union Pension Fund $11.2 million for the property. Chicago subsequently gave the block on which the hotel stood to the state on, and the James Thompson Center was competed on the site five years later. For a history of the Sherman House see http://www.connectingthewindycity.com/…/down-they-forgot-as…
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