WIN: TIF Approved for Adaptive Reuse of The Clark Adams Building / Bankers Building at 105 W. Adams Street for Residential

“The Chicago Community Development Commission has initially approved TIF funding for the redevelopment of 105 W. Adams Street in The Loop. Located at the corner of South Clark Street and next to the Federal Center, the iconic structure has seen multiple redevelopment attempts over the past few years. Now, Chicago-based Primera Group is moving forward with its plans.”

“Built in 1926, the 41-story, 476-foot-tall tower was originally designed by the Burnham Brothers in the Art Deco style. Since then, it has housed a number of tenants while slowly falling into disrepair, a condition visible in its heavily stained façade. However, the Club Quarters hotel continues to occupy floors three through ten.”

“As part of the broader LaSalle Street Reimagined initiative, the team has brought on local design firm Pappageorge Haymes to oversee the conversion of the upper floors. These will be turned into 400 apartments.”

“The project would also add 28,888 square feet of commercial space on the lower levels, which the city hopes will attract a grocery store. Additionally, there will be amenity space on the 24th floor and potential terraces on the building’s setbacks. The development also includes a full restoration of the exterior façade, including new operable windows, and the removal of the rear fire escapes.” (Achong, Chicago YIMBY, 5/15/25)

Read the full story at Chicago YIMBY

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