Alderman opposes demolition of Lake Shore Athletic Club
(Crain’s) — Alderman Brendan Reilly says he wants to save the Lake Shore Athletic Club building, and has brokered a 60-day delay for the proposed demolition.
Northwestern University, which owns the facility at 850 N. Lake Shore Drive, has a contract to sell the building to Chicago developer Fifield Cos., which has plans to build a new condominium building there.
Reilly, who wouldn’t previously disclose his position, in a press release Tuesday says he believes the building can and should be saved.
“Throughout this process, Northwestern and Fifield have argued there is absolutely no economically viable re-use option that could save the Lake Shore Athletic Club from demolition,” Reilly says in the statement. “Frankly, I am not persuaded by that argument. After meeting with many experienced architects, zoning attorneys, developers and urban planning consultants, I believe economically viable re-use options do, in fact, exist.”
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Fifield agreed to pay Northwestern more than $40 million for the building, which has sat vacant for several years after the university stopped using it as a dorm.
Fifield president Rick Cavenaugh says a planned development agreement put in place when a new condo tower was built nearby restricts re-use of the Lake Shore Athletic building to residential. Mr. Cavenaugh says he’s confident that another buyer won’t be able to come up with a viable alternative.
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