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Vornado Launches Makeover at theMART
Less than 10 years after Vornado Realty Trust’s theMART was crowned as the epicenter of Chicago’s tech scene, the historic Art Deco property is launching a major makeover to regain its shine amid competition from the Fulton Market District and the Old Post Office, Crain’s Chicago Business reported.
The project—said to cost more than $60 million—comes just a few years after Vornado completed a $40-million upgrade to the 3.7-million-square-foot building. At the heart of what Vornado touts as “theMART 2.0” is an overhaul of the first two floors, a high-traffic portion of the property.
Every downtown office landlord trying to spruce up a building for a post-COVID world “is doing the best they can in their own way,” Glen Weiss, EVP at New York-based Vornado, told Crain’s. “We just hope that our way is better than everybody else’s, so we can outcompete.”
- ◦Development
