| 25 Percent Recycling
of Building Debris Targeted The recycling of construction and demolition
debris will be required in Chicago by January, the Department of Streets &
Sanitation announced.
The requirement calls for 25 percent of all recyclable
materials measured by weight for projects permitted after Jan. 1. The goal rises
to 50 percent after the same date in 2007.
Al Sanchez, Streets & Sanitation
Commissioner, announced the measure at the site of the Chicago Sun-Times building,
which is being demolished to make way for the 90-story Trump International Hotel
and Tower.
The requirements should not be difficult to meet as many in
the construction and demolition industries are already surpassing them, the Department
says.
Bill Moore, vice president of marketing of Chicago-based Brandenburg
Industrial Service Co., the company demolishing the Sun-Times building, said,
"We expect to recycle 78 percent of the material from this demolition
project.
That'll save us over $2 million in landfill costs."
McCormick
Affirmative Initiative Launched Mc4West LLC, the joint venture partnership
building West Building at the McCormick Place Convention Center, recently launched
the Education Initiative.
The Affirmative Action program offers learning
opportunities in architecture, engineering and construction work or management
to elementary, high school and college students who live in the project area and
minority and women firms.
Other program elements include the awarding of
engineering scholarships, Saturday school for sixth graders and weeklong summer
institute for high school juniors and seniors.
The program was developed
in partnership with the University of Illinois at Urbana-Champaign College of
Engineering, the Illinois Institute of Technology and the Sawson Technical Institute
of Kennedy-King College.
The Mc4West joint venture includes Bethesda, Md.-based
Clark Construction Group, Indianapolis-based Hunt Construction Group and Chicago-based
A. Epstein and Sons International Inc.
New Condo Planned For Museum Park
Museum Park
Place, a 23-story condominium with 187 residences, was announced for Chicago's
Museum Park, the lakefront community.
Construction is slated to begin in the
fall. Chicago-based Pappageorge/Haymes Ltd. is the architect.
East-facing,
two-bedroom residences are priced in the mid-$400,000 range and offer between
1,055 and 1,260 sq. ft. of living space. Starting in the $500,000 range, the three-bedroom
homes feature 1,600 or 1,670 sq. ft. and offer north, east and west views or south,
east and west views.
The townhomes, located along the base of the building,
are priced from the mid $500s and include three bedrooms and two-and-a-half baths.
Original Sears Tower Goes
on the Block The Sears Merchandising Building Tower, built in 1906 as part
of the original world headquarters of Sears Roebuck & Co., is for sale.
A
$6 million renovation is also planned, said John Oharenko, senior vice president
of GMAC Commercial Mortgage Corp. in Chicago. The project will involve build-out
space to make the facility hold individual live-work space. Work is expected to
begin in 18 months or less.
Located at 900-906 S. Homan Ave. on Chicago's
West Side, the Tower is 3 mi. from downtown Chicago. The 14-story structure is
the city's oldest standing high-rise structure outside of downtown.
The
facility's original Master Plan, drafted a century ago, included a park, store,
health care facilities, post office, private fire department, library and evening
educational programs to complement the growing Sears business enterprise. At its
peak in the early 1920s, the complex employed more than 20,000 people.
The
area surrounding the Tower is rapidly redeveloping. This spring, the immediate
area east of the Tower and Homan Square will be joined by a new residential development
known as Sterling Park. Plans by developer Royal
Imperial Group of Chicago
call for converting historically and architecturally significant former Sears
buildings over the next few years into 1,200 residential units, including condominiums
and townhomes.
Loop
Ranks as Illinois' No. 1 College Town The first study of academic institutions
in Chicago's Loop reveals that downtown colleges and universities, with a total
of 52,000 students, are making the Loop the largest college town in Illinois.
The
study results show that Loop higher education institutions have a significant
impact on the area's construction, retail, restaurant and real estate industries,
as well as the character of downtown as a place to work, play and live.
Sponsored
by the Greater State Street Council and Central Michigan Avenue Association, the
study was conducted by a group of more than 20 academic institutions that DePaul
University convened. The Regional Economic Applications Laboratory at the University
of Illinois at Urbana-Champaign did the analysis.
Research highlights include
the following:
The Loop is the largest college town in Illinois, with
students attending classes at institutions that occupy at least 41 separate locations
and nearly 7.5 million total gross sq. ft. of Loop real estate - more than double
the space of the Sears Tower.
Loop colleges and universities generate
capital projects that promote development, historic building preservation and
job creation. Ten institutions alone have spent more than $159 million on renovation
and new construction in the Loop from 1997 to 2002, creating 3,280 jobs. The sector
expects to spend $339 million more in capital projects by the end of the decade.
Loop colleges and universities collectively represent one of Chicago's top 25
employers. Their 12,131 workers earn and spend wages that have a total direct
and indirect impact on the regional economy worth $1.2 million.
Loop
higher education institutions spend more than $345 million on goods and services
annually, generating $777 million in direct and indirect economic activity that
creates 13,500 jobs.
The Loop residential population includes an increasing
number of college students, with student residence facilities currently offering
3,789 beds.
A survey of students indicates they spend more than $25
million annually at business establishments in the Loop.
Seven of
the institutions studied hosted events in the Loop that in one year attracted
a half-million people, who may park, shop and visit restaurants before and after
the events.
The four-part study focused on colleges in the 1.65-sq.-mi.
area of the Loop and South Loop bordered by the Chicago River to the north, Roosevelt
Road to the south, Wacker Drive to the west and Lake Michigan to the east.
170 Senior Homes Rising in Elgin The third phase was
launched of Traditions at Fitchie Creek, a community of 170 ranch homes in Elgin.
Construction
began in late January, and models are anticipated in late summer 2005. Prices
range from $249,900 to $370,000. First deliveries are projected for before the
end of 2005.
Downers Grove-based Burnside Construction is building the
facility.
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