Each week, The Elevator Speech summarizes news related to some of the key industry trends, buildings, deals and dealmakers that shaped headlines. Below are articles that caught our attention the week of September 3.
- The Chicago Department of Transportation unveiled a pedestrian safety plan that includes more than 250 recommendations for long- and short-term improvements, some of which were installed this summer. The plan’s priorities include improving safety for children and seniors around schools and parks, improving access to transit, safer crossings at intersections and increasing space for pedestrians. Ladder-like crosswalks in the CBD that popped up this summer are one part of Chicago’s first ever pedestrian safety plan.
- AT&T opened a flagship retail store on Michigan Avenue this week. The one-of-a-kind, 10,000-square-foot store at 600 N. Michigan Ave. is outfitted with reclaimed teak wood and modern white plastic for customers to learn, explore and have fun.
- Google’s decision to move 3,000 Motorola Mobility employees to the Merchandise Mart marks not only the area’s largest one-time job shift in two decades, but also a major change to the Merchandise Mart’s tenant mix. Crain’s Chicago Business profiled the iconic Chicago building and explained how Google’s recent lease will affect the building in the future.
- GLL Real Estate Partners, owners of 444 N. Michigan Ave., plan to renovate the building. The 36-story office tower will undergo a $13 million renovation, including a lobby remodeling, new entrance and a revamped elevator system.
- According to commercial real estate experts, large corporations will continue to lease space in downtown Chicago in the coming months and years. Sectors that have been historically suburban-based are relocating to Chicago, in part due to improved transportation options and more amenities.
What headlines caught your attention this week? Leave us a comment and let us know.