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Inland Steel Building, 2008
Moveable partition walls divide the open floors of the Inland Steel Building |
Commercial Office Rehabilitation
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LOCATION |
Chicago, Illinois |
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DATE BUILT |
1955-1958 |
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DEVELOPER |
Capital Properties |
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COMPLETION DATE |
2010 |
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TOTAL REHABILITATION COST |
To Be Determined |
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FEDERAL HISTORIC TAX CREDITS |
To Be Determined |
PROJECT OVERVIEW
Although not always thought of as "historic," mid-century modern buildings are now reaching 50 years of age and many may be eligible for listing in the National Register of Historic Places. Post-war modern buildings pose unique challenges and opportunities for property owners. Their sleek, iconic designs stand the test of time but because many of these buildings utilized uncommon materials and new construction methods, they can be challenging to rehabilitate in a way that meets the Secretary of the Interior's Standards for Rehabilitation. MacRostie Historic Advisors has advised owners in a number of projects involving the tax-advantaged rehabilitation of mid-century modern buildings.
We are serving as the historic tax credit consultant for Capital Properties in the rehabilitation of the Inland Steel Building, which was built to house the international headquarters for the Inland Steel Company. Designed by Walter Netsch and Bruce Graham of Skidmore, Owings, and Merrill and completed in 1958, the building is architecturally significant as a groundbreaking example of the International Style and was the first skyscraper constructed in the Chicago Loop in the post-war period.
The current project scope includes the restoration of the building's double-glazed, solar-tinted curtain wall and the rehabilitation and modernization of interior office suites. MacRostie Historic Advisors is working closely with the project team and is coordinating with the State Historic Preservation agency (Illinois Historic Preservation Agency) and the National Park Service to create a scope of work that meets the Secretary of the Interior's Standards for Rehabilitation.