Chicago & Midwest + Office | September 13, 2018

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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