September 17, 1954 – The first new office building to be constructed in the Loop since 1933,
the ten-story Sinclair Oil Corporation’s office building on the northeast
corner of Wacker Drive and Randolph Street, is officially opened as more than
200 business leaders and officials from the state and city attend the
ceremonies. The new building contains
225,000 square feet of office space and 14,000 square feet of basement parking
space. The structure will consolidate
various divisions of the corporation that were previously scattered in four
separate locations. The building is gone
today, replaced by the Goettsch Partners tower, finished in 2010, at 155 North
Wacker Drive. The Sinclair building is
outlined in the older photograph. The
award-winning Goettsch replacement is shown to the left.
September 17, 1969 – The City Council, by a vote of 30 to 6, approves two ordinances that clear the way for the office and residential development that Chicago now calls Illinois Center. One ordinance establishes guidelines for the development of the area, and the other codifies the relationship between the city, the owner of the property, Illinois Central Industries, and three developers. The plan calls for buildings of up to 90 stories with 45,000 workers, 17,500 apartments with 35,000 residents. In an editorial the Chicago Tribune writes glowingly about the project, asserting, “Chicagoans must feel some exhilaration to see, at long last, this strategic area built on in a manner suitable to its location in the center of the city. And Chicagoans should take an eager, continuing, and responsible interest as Illinois Center plaza gradually develops . . . A brilliantly successful development here will be a civic asset the importance of which it would be almost impossible to exaggerate.” [Chicago Tribune, September 19, 1969] The photo at the left shows the approximate area where the Hyatt Regency Hotel stands today.
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