Union Station Team Presents Revised Plan for Redevelopment
The office tower that would figure in the redevelopment of Chicago’s Union Station may already have an anchor tenant. The Chicago Tribune reported that BMO Harris is in talks to take as much as 500,000 square feet at the proposed 1.5-million-square-foot tower, which would be built on the site of an Amtrak parking garage near the historic rail terminal.
Developers Riverside Investment & Development and Convexity Properties presented revised plans for the Union Station project at a recent community meeting. The team went back to the drawing board after the original plan, which included a seven-story addition that would contain apartments, was poorly received. The seven-story addition to the station has disappeared from renderings unveiled at the meeting.
For BMO Harris, the Union Station office space could mean consolidating much or all of its current Chicago footprint. The Toronto-based bank occupies about 800,000 square feet at three different properties downtown.
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