A new fire station will be replacing the Engine Co. 42 firehouse and will be topped by a 30-story office building under a public-private partnership between the city of Chicago and developer Friedman Properties. The plan was approved by the city in late 2018 and has been redesigned by Chicago architecture firm Goettsch Partners according to Chicago Curbed.
The developer is expected to break ground later this year at 450 N. Dearborn and hope to open in 2023. The plan calls for completing a new three-story station just west of the existing Engine Co. 42 firehouse and demolishing the older facility to build a new office tower in its place.
"This is a unique development proposal, unlike any other that I have worked on before. The public benefit here would be a brand new firehouse for the neighborhood, something the Chicago Fire Department has been seeking for many years now."
Alderman 42nd District | Brendan Reilly
The new building is known as Rivere which is named after a hotel that once operated nearby. The developer is also looking into transforming the alleyways behind the project into a pedestrian-friendly promenade or "mews".
The high-rise would contain the following features:
- 620,000 square feet of office space
- More than 50,000 square feet of retail or restaurant space
- Fitness center
- Meditation room
- Multiple outdoor terraces
- Underground parking garage
In an article in Chicago Business, Friedman Properties are in search of a new tenant for the office building. There is a rush of companies snapping up work space downtown. Companies moved into more downtown office space in 2019 than in any year since 2007 according to real estate services company CBRE.
Friedman faces a lot of competition for tenants. More and more new office buildings are under construction and in planning stages in the West Loop and Fulton Market District
DataBid is currently reporting on this project - 444 North Dearborn Chicago Company 42 Firehouse - Chicago (0074072518)
Also see DataBid (0073072518) for Related Mixed Use High Rise Project Information. The development team provided no firm start date, but anticipate a combined 40 month construction timeline for the new station and office high rise.
Posted by Judy Lamelza