New York Life Insurance Building (Chicago) Explained

New York Life Insurance Building
Location:Chicago, Illinois
Coordinates:41.8814°N -87.6323°W
Status:Completed
Completion Date:1894
Floor Count:14
Architect:William Le Baron Jenney

The New York Life Insurance Building is a 14-story building at 39 South LaSalle Street in the Loop neighborhood in Chicago, Illinois. Designed by William Le Baron Jenney, it was completed as a 12-story structure in 1894 at a cost of $800,000, . In 1898, Jenney designed a 92feet addition to the east of the original structure. This expanded the Monroe Street facade to 233feet. The addition contained 13 floors and an additional floor was added to the first structure. The expansion also added an entrance on Monroe Street and enlarged the lobby. In 1903, a fourteenth floor was added bring the building to its current height.[1]

The building is faced with brick and terra cotta trim in the classical style. Prior to the additions, a cornice and parapet encircled the top, however these were removed to accommodate the expansion. The lobby retains its Georgia gray marble cladding and mosaic tile floor. Light fixtures are deco and appear to be from the 1920s.

The building received preliminary landmark status in 2002,[2] but in 2006, Preservation Chicago considered the building one of Chicago's most threatened.[3] In June of that year a company submitted an application to the Chicago Plan Commission including plans to renovate the structure and build 29 South LaSalle, an adjacent 51 story office building.[4] [5] Later that month, the building was declared an official Chicago landmark,[6] amended in 2009.[7]

In August 2014, KHP Capital Partners announced it purchased the structure and would convert it to a 293-room Kimpton hotel that will include a rooftop restaurant, meeting rooms, and retail space. The hotel, officially named The Kimpton Gray Hotel, opened in 2016.[8]

See also

Notes and References

  1. Web site: June 2006 . Landmark Designation Report: New York Life Building . 2012-01-19 . City of Chicago.
  2. Web site: LaSalle-Monroe Building . dead . https://web.archive.org/web/20070501035219/http://www.emporis.com/en/wm/bu/?id=lasallemonroebuilding-chicago-il-usa . May 1, 2007 . 2012-01-19 . Emporis.
  3. Web site: 2006 . The New York Life Insurance Building . 2012-01-19 . Preservation Chicago.
  4. Chicago Plan Commission Agenda for June 15, 2006, Chicago Plan Commission (2006).
  5. Web site: Chicago commercial office space for lease, commercial property for sale, office space rental, retail real estate services, warehouse property for lease, 1031 exchange . 2007-02-24 . Trade Addresses Chicago.
  6. Web site: 2006 . New York Life Building . 2012-01-19 . City of Chicago.
  7. Web site: 4 June 2009 . Minutes of the Meeting Commission On Chicago Landmarks . 2012-01-18 . City of Chicago.
  8. News: Ruminski . Bill . 19 August 2014 . Kimpton plans hotel for Chicago's New York Life Building . dead . https://archive.today/20140821204707/http://voices.suntimes.com/business-2/kimpton-plans-hotel-for-chicagos-new-york-life-building/ . 21 August 2014 . 2014-08-21 . Chicago Sun-Times.