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Union Station Topper Plan Rises Again

CHICAGO-Jones Lang LaSalle and two of its former executives have a window of opportunity to strike a redevelopment deal for a $250-million project that would add an 18-story tower atop the 80-year-old railroad terminal. It is the latest to attempt to bring Daniel Burnham's vision to fruition.

By Mark Ruda | Updated on January 10, 2006

CHICAGO-Jones Lang LaSalle and two former executives of the real estate firm are the latest to attempt to bring Daniel Burnham’s vision for Union Station to its long-awaited fruition. Amtrak subsidiary Chicago Union Station Co. is giving Jones Lang LaSalle and its partner, Youssefi-Scott Development Co., a chance to strike a $250-million redevelopment deal that would add an 18-story tower atop the 80-year-old railroad terminal.

Most recently, Prime Group Realty Trust proposed a $200-million mixed-use project that would have added 180 condominiums, 400 hotel rooms as well as 500,000 sf of office space above the Union Station’s Headhouse Building. Before the REIT’s financial crunch derailed the project, it had hired architect Lucien LaGrange, who ironically had drawn up plans about 20 years earlier for another developer before Tax Reform Act of 1986 torpedoed US real estate markets.

Burnham’s designs included a tower above the station, but he died before the station was completed. Jones Lang LaSalle has been involved in the redevelopment of two other buildings designed by Burnham, Symphony Center in Chicago and Union Station in Washington, DC.

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