333 N. Michigan Ave. Getting $47 Million Facelift

By Lizzie Schiffman on January 15, 2014 4:42pm 

 The 35-story Art Deco building will undergo renovations.
The 35-story Art Deco building will undergo renovations.
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DNAinfo/Lizzie Schiffman

THE LOOP — The 86-year-old Art Deco building at 333 N. Michigan Ave. is getting a face lift.

Designed by Holabird & Roche and built in 1928, the 35-story building was designated a Chicago landmark in 1997.

On Wednesday, the City Council approved a tax incentive to help fund the $47 million rehabilitation, which includes reconfiguring the building's entrance and renovating the lobby.

For the next 12 years, property taxes on the building will be reduced by $5.5 million to offset construction costs.

Renovations will overlap with demolition at 200 N. Michigan Ave.

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