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Location | Chicago, Illinois United States |
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Coordinates | 41°53′02″N 87°37′44″W / 41.883932°N 87.628841°W |
Address | 108 North State Street |
Opening date | Commercial (July 2008) Retail (November 2009) Residential (June 2016) |
Developer | Mills Corporation, Joseph Freed and Associates LLC |
Owner | Bank of America (tentative sale to CIM Group in February 2012) |
No. of floors | CBS Broadcast Center (22 West Washington) – 17 Mall – 3 Apartment – 34 |
Public transit access | Chicago "L": at Washington at Lake at Washington/Wabash |
Website | blockthirtyseven |
108 North State Street, also known as Block 37, is a development located in the Loop community area of downtown Chicago, Illinois. It is located on the square block bounded clockwise from the North by West Randolph Street, North State Street, West Washington Street and North Dearborn Street that is known as "Block 37", which was its designated number as one of the original 58 blocks of the city.[1] Above-ground redevelopment is complete, but work stopped on an underground station, when the station was only partially complete.
The previous buildings on the block were demolished in 1989 for a hotly contested redevelopment plan under the then Chicago Mayor Richard M. Daley. The debates included the demolition of the Chicago Landmark McCarthy Building, which proceeded after the Illinois Supreme Court decided private preservation groups did not have standing to challenge the city's decision.
Once the site was cleared, the initial redevelopment plan fell through, as did several subsequent plans. Mills Corporation broke ground in 2005, but had been in financial difficulty in the past. This reputation and changing financial climate caused a delay in 2006 as contractors feared not getting paid. In November 2009, the developer was declared in default and CB Richard Ellis was named receiver. The project was inherited by Joseph Freed and Associates LLC. However, Bank of America foreclosed on the property in 2011 and sold it in 2012 to CIM Group. The three new buildings were completed by 2016.
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