Reconstruction, re-pavement take place in front of Gage Building
By Kevinisha Walker
Sidewalk blockages created in front of Roosevelt University’s Gage Building are due to the construction of curb ramps and the reconstruction of the landmark Chicago Athletic Association building.
Michael Simon, assistant commissioner from the Chicago Department of Transportation, said in an interview that the sidewalk at the corner of Michigan Avenue and Madison Street is being repaved as part of a citywide effort to create handicap-accessible ramps on all corners of Michigan Avenue.
According to Illinois’ Americans with Disabilities Act Project website, the Chicago City Council will only install curb ramps and sidewalks that meet or exceed the specifications of ADA guidelines.
As stated on ADA Project’s website, “The city shall install curb ramps into intersections of each cross street at its intersection with the alteration or resurfacing, so that the altered or resurfaced intersections are fully accessible to mobility-impaired persons with disabilities.”
Simon also said that construction work is starting as part of the old CAA building renovation, which is being converted into a 240-room hotel.
As reported on chicagorealestatedaily.com—a site powered by Crain’s Chicago Business— “It is one of several hotel projects under way amid a building boom that will add 2,700 rooms to the downtown market.”
The website also says that the venture costs $105 million.
San Francisco-based Geolo Capital and Chicago-based AJ Capital Partner teamed up to finance the project. Demolition of the interior of CAA’s landmark building at 12 S. Michigan Ave. and 71 E. Madison St. is currently under way.
This is not the first hotel venture for AJ Capital Partners, as it financed the development of Soho House and Hotel Lincoln, two hotels in the West Loop and Lincoln Park, respectively.
The hotel, which has not been named yet, is expected to be complete by the fall of 2014, according to Crain’s Chicago Business. “It will be part of Commune Hotels & Resorts, a San Francisco-based management company that includes the Thompson Hotels chain.”
Chicago-based construction firm, Bulley & Andrews LLC, is the venture’s general contractor. Another Chicago-based company, Hartshorne Plunkard Architecture is its architect.
According to representatives at AJ Capital Partners, the hotel overlooking Millennium Park will feature interior design by the renowned Roman and Williams team— the New York City interior design team responsible for designing the interiors of five star hotels and homes of celebrities such as Gwyneth Paltrow.
“There will also be distinctive dining and entertainment options that celebrate the history and allure of this former den for Chicago’s topmost,” the representatives said.