Chicago has issued a $33 million building permit for a renovation and addition to a 550 W. Randolph St. office building.
Power Construction Company is the general contractor for the owner, Randolph/Clinton Partnership from New York. The permit issued on March 1 describes the work as a “six-story addition to an existing office building on caissons with grade beams using open cut excavations and associated site work as per plans.”
Gensler designed the structure.
In December, 2020, Chicago YIMBY reported that “the development proposes to salvage a turn-of-the-century brick and heavy timber warehouse into a bold and contemporary office building.
“Built in 1909, the structure was originally built as a central distribution center for McKesson & Robbins, a wholesale apothecary, elixir and drug distributor. The proposal reinvigorates the historic edifice, restoring the original façade, and creating a contemporary addition with highly tailored details both inside and out. The façade restoration will also create an engaging retail and streetscape experience. The contemporary addition expands the footprint to provide even greater open and flexible workspace throughout,” Chicago YIMBY said.
Power is self-performing the masonry subcontracting work. The permit doesn’t list any other subtrades.