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Buyer Plans Fine Dining At Landmark LaSalle St. Building

CHICAGO-Jonathan Lee plans a "three- or four-star restaurant" on the ground floor of the three-story, 7,000-sf Veseman Building at 442-44 N. LaSalle St. A sale is expected to close later this month.

By Mark Ruda | Updated on September 06, 2005

CHICAGO-The next owner of a River North building plans to open a “three- or four-star restaurant” on the ground floor, with office tenants likely to be sought for the upper two stories. Jonathan Lee hopes to close on his purchase of the Veseman Building at 442-44 N. LaSalle St., which has been marketed at $2.25 million, later this month.

Built in 1880 and renovated in 1930, the 7,000-sf building was one of seven Chicago structures on Preservation Chicago’s “endangered buildings” last year, says group president Jonathan Fine. The façade is in the relatively short-lived Art Deco style, Fine says, as well as terra cotta. With new owner Lee’s support, the commission on Chicago landmarks recommended its designation to the city council Thursday.

“One of the reasons we liked the building was its Art Deco style,” Lee tells GlobeSt.com after the commission on Chicago landmarks recommended landmark status for the building. Another reason was more financial, but already appears to be a sticking point. The building comes with a rooftop sign, which will continue to provide an income stream, notes architect Lonn Frye.

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