Sunday, July 22, 2018
Everything Old Is New Again
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!
(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.
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