I mean, come on... they're spending $25 million on this renovation and I'm not sure it's gonna make that much of a difference
. I mean, what's wrong with the building like it is? It's still got character, right? But at the same time, I can see why they'd wanna update it to attract new tenants... I guess.
And five floors of high-end amenities? That sounds kinda overkill, if you ask me
. I mean, who needs a parlor gaming area or an enclosed library in their office building? But hey, if it's what the companies are looking for, then more power to 'em, I guess.
I'm still not convinced that this renovation is gonna make a big impact on Chicago's office market, though
. The vacancy rate is already pretty high... 26.9%? That's not exactly a great number. But at the same time, leasing momentum did pick up in the final quarter of 2025, so maybe I'm just being too pessimistic
.
Oh wait, now I'm thinking... what if this renovation actually works out and attracts some new, high-end tenants?
Then Glenstar's $25 million investment might not be such a bad thing after all. But still, I'm not holding my breath
.
And five floors of high-end amenities? That sounds kinda overkill, if you ask me
I'm still not convinced that this renovation is gonna make a big impact on Chicago's office market, though
Oh wait, now I'm thinking... what if this renovation actually works out and attracts some new, high-end tenants?