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Expanding its considerable ownership of South Loop properties, Columbia College closed a deal last week on the $4.9 million purchase of the 108-year-old Ludington building at 1104 S. Wabash, the largest structure bought by Columbia in 10 years.
Eight stories high with 182,000 square feet, the building will reportedly provide an expansion space for currently oversized college departments. We are trying to address the departments that have current [space] inadequacy and thats the first objective, said Columbia Provost/ Executive Vice President Bert Gall.
Gall said that the building may also be used for an expanded Student Life center.
The Ludington building was designed by architect William Le Baron Jenney, the father of the skyscraper, and constructed in 1891. It originally housed the American Book Company; because of its terra cotta surface and its unique construction style, the building was designated a Chicago landmark by the city in 1996. It is also on the National Register of Historic Places.
According to a Chicago Tribune report last week, the school will spend an additional $9 million to $15 million for the buildings renovation over the next three years.
Contributing: Bruno VanderVelde
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