New office building going up near Raymond Station
A new office building is going up at the corner of LaSalle Street and Wabash Avenue near the Green Line’s Raymond Station. Update Co. demolished the vacant trucking facility at the site and a three-story 22,0000-square-foot office building, which should be completed in summer of 2016.
R.J. Ryan is the general contractor for the $3 million project.
Update Co. is a second-generation family business that has been working in the Midway for more than 35 years. The McCann family started by building three apartment buildings and then renovated or constructed 16 commercial buildings in the west part of the Midway. Update Co.’s buildings house more than 100 businesses.
The opening of the Green Line is helping to ensure the company’s continued success, said property manager Sandy Jacobs. The University/Raymond area has always been a great location to do business, but now with the Raymond Station open, more people will know about the neighborhood, she said.
Anchoring the new building will be the Improve Group, which has leased 7,000 square feet. The Improve Group, which is currently leasing space from Update at 700 Raymond Ave., provides research, evaluation, capacity-building, needs assessment, strategic planning, and policy and systems thinking for local, national and international organizations.