Thursday, November 17, 2022

ICA Greenrise Building Gets Funds For Major Update

photo courtesy of the website

From the City after Wednesday's City Council meeting:


Uptown’s century-old ICA Greenrise building at 4750 N. Sheridan Road will undergo a comprehensive rehabilitation through $2 million in Tax Increment Financing (TIF) assistance approved by City Council today.

The $20.7 million project will include HVAC and mechanical system replacements, terra cotta and masonry repairs, lobby improvements and ground floor tenant upgrades.

The project is anticipated to create more than 110 permanent jobs and retain 250 existing positions employed by more than a dozen tenants. The 130,000-square-foot, classical revival style building was  built in 1921 as the headquarters of the Mutual Insurance Co. 

Designated a City landmark in 2013, it is today the largest social service center in the Midwest, home to multiple nonprofit organizations serving more than 1,000 clients weekly."

If you go way back in Uptown, you may remember it as the Kemper Insurance Building. Kemper donated the building to the Institute of Cultural Affairs in 1972.

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