LOOP — City Colleges of Chicago officially announced is selling its Downtown headquarters near Willis Tower and opened the process for bids, officials said Monday.
The 185,000-square foot classically styled office building, built in 1904, at 226 W. Jackson east of the Willis Tower "represents an outstanding opportunity for redevelopment for office, hotel, residential or retail uses," City Colleges said in a press release.
City Colleges is considering putting its headquarters at Kennedy-King College campus in Englewood as well as at its Dawson Technical Institute in Bronzeville, with "an additional small office space for staff to remain in the central business district."
Officials hope to relocate its Downtown headquarters building with a new buyer by the end of late spring.
City Colleges Chancellor Juan Salgado said the recently announced $500 million renovation plans for the Willis Tower along with the redevelopment of the old Chicago Main Post Office, and the increasing residential population Downtown "makes this an ideal time to sell our well-located Loop property.”
"The sale of the building will ensure CCC has the financial resources to continue serving the students of Chicago and changing the trajectory of their lives through a quality education,” Salgado added.