Two major projects are coming to a stretch of Broadway that will renovate buildings from decades ago.
You already know about that Uptown Theater project (4816 North Broadway). The nearly 100-year-old gem will get $75 million worth of attention. You can read a recent interview with its owner, Jerry Mickelson, about the plans.
(If you somehow missed the news about the theater, read here, here, here, and here.)
There will undoubtedly be a long-term ripple effect on the blocks surrounding the theater as well.
Meanwhile, a couple blocks north....
The former Combined Insurance Building at 5050 Broadway is undergoing a change as it goes from an office building to residential rentals. The developers are keeping the same framework but gutting the building. You can see through it now!
|The early 1960s addition to the Combined Insurance|
building, Broadway at Carmen. You can see the
1920s-era building to the left, which was torn down in
the mid-1960s to build the 10-story building at the
corner of Winnemac and Broadway.
(Fun fact: It needed more space for the technology of the day: computers. IBM mainframes took up entire rooms and floors!)
When its growth outpaced even the new building in the mid-1960s, it dismantled the 1920s building and put up a 10-story tower in its place. That's the "well-ventilated" building seen above, which will provide the frame for the building's next phase.
A hat tip to Epstein for providing photos and a history of the Combined Insurance Building.