Re: Pending Demolition
Date: October 06, 2013 09:18PM
Sit and Stew Wrote:
> The U of C is unstoppable when they want
> something. One name comes to mind, Julian Levi.
> Can't these properties get expedited to the
> Chicago save list, maybe get on the orange list at
> least? HP is such a vulnerable community, I'd
> suggest that perhaps U of C start looking at
> properties on the N end of Woodlawn from the old
> power plant on Harper to Ellis. Any late 10's
> early 20's 8 flat walkups they should look into.
> Maybe save them for student housing?
> BTW, where do the faculty live now? Dorchester
> Apts, off Greenwood? Kinda drying up...
Well, if UC wants student housing, they will need to have an up-to-date electrical system, phone lines, data lines, fire protection, HVAC, and plumbing. If you are relying on alumni contribution, the "edifice complex" comes in to play, where you get your name on a brand-spanking-new building. Unless, of course, you may have lived in this building as a tenant and had good memories, which may be unlikely.
The University would have to have the building gutted and completely rehabbed, which may be more expensive for a turn-of-the last-century graystone than just building a new structure. You have to bring some materials up to code, remove things like gas light piping and knob-and-tube wiring, add insulation, etc. Unless they had a good source of funds, and some mandate to update an old building (like an organization that does it for a living), they would probably rather have a empty space they could build new stuff on later, sad to say.