Granada Center

From HistoryWiki

Granada Center see also: Granada Centre

6455 N. Sheridan Road

Chicago, IL 60626

The Granada Center apartment building, retail store complex was built by Loyola University, 6525 N. Sheridan Road in the space where the Balaban & Katz chain's Granada Theater once stood.

6439 N. Sheridan Road, ERA Abels Realty, 1996.

Press Release, Granada Center, Tuesday, June 12, 1990

Public Relations: Schindler Communications, Inc., 869 N. Dearborn Street.

Ceremonies were held today to officially mark construction of Granada Center, a 16-story, mixed-use complex at 6455 N. Sheridan Road.

A joint venture of SLC Properties, Inc., a wholly owned subsidiary of Senior Lifestyle Corporation, and Loyola Development Company, a wholly owned subsidiary of Loyola University Chicago, the $24.5 million, 310,000 square-foot project will feature 166 rental apartments; 75,000 square feet of retail and office space; and a 250-car public parking garage.

William B. Kaplan and James B. Klutznick, principals of SLC Properties, managing general partner, joined Raymond C. Baumhart, S.J., president, Loyola University Chicago and Stephen F. Kasbeer, senior vice president of administration and treasurer of the university and president of Loyola Development Company, in unveiling a specially designed construction barricade.

Assisting at the unveiling were a "Groucho Marx" lookalike and a Gable-esque "Rhett Butler," who were on hand in tribute to the former occupant of the site--the Granada Theater. One of Chicago's most elaborate movie palaces; the Granada hosted movie audiences for nearly 60 years.

"Granada Center signals the commercial renaissance of the north lakefront crossroads of Sheridan Road, Broadway, and Devon Avenue, where the vital communities of Rogers Park and Edgewater meet," Klutznick noted. "And we are very proud to be in partnership with so eminent an institution as Loyola University, which has had a presence in this neighborhood for nearly 80 years."

Co-developer Kaplan noted that the history of the site lent inspiration for the design of the construction barricade, which includes a lighted, 10-by-12 foot rendering of Granada Center.

"In its day, the Granada Theater announced many a blockbuster," Kaplan said. "Now the Granada Center is the newest, most exciting attraction in the neighborhood and it seemed appropriate to herald it in a dramatic, theatrical way. We're confident that the vitality of this project will help spur additional redevelopment in the surrounding communities."

According to Father Baumhart, "Granada Center is a welcome addition to our neighborhood and Loyola's multimillion-dollar, three-campus expansion. A block away, at the corner of Winthrop and Sheridan Road, a new 400-student residence hall is rising. Downtown, across from the Water Tower, we are planning a new home for our School of Business. At our medical center campus in Maywood, a six-story emergency medical care building is going up, as well as a new administration building."

Upon completion of Granada Center in spring 1991, Loyola University will occupy 31,000 square feet of office space on the second, third, and fourth floors of the 75,000 square foot commercial section. The ground floor and the balance of the second floor will be occupied by a variety of retail shops, as well as convenience and service businesses.

[[wikipedia:Coldwell Banker|Coldwell Banker Commercial is the retail leasing agent for the project; residential leasing agent is SLC Properties.

The residential portion of the building will offer 166 rental apartments--48 studios, 96 one-bedroom units and 22 two-bedroom, two-bath units--with modern appliance packages, carpeting and mini-blinds.

A four-level parking garage will provide spacer for 250 vehicles, to be shared by the residents and commercial tenants. Both monthly and transient parking will be available for residents, commercial/office tenants, and the public.

Designed by the Chicago architectural firm of Mann, Gin, Ebel, & Frazier Ltd., Granada Center will have separate entrances for resident and commercial/office tenants.

A two-level interior atrium will connect the commercial/office space on the ground and second floors. The atrium elevators also will service the office space on the third and fourth floors, as well s the garage. Additionally, the residents of the apartment tower will have access to the atrium elevators through a secure entrance on the fifth floor, the first level of apartments.

Senior Lifestyle Corporation, the parent company of SLC Properties, Inc., is the developer of two of the Chicago area's premier senior living communities, The Breakers at Edgewater Beach, 5333 N. Sheridan Road in Chicago, and The Breakers at Golf Mill, 8975 Golf Road in Niles.

The company, which manages and markets the two Breakers, also manages Forest Trace at Inverarry, a senior living community in Lauderhill, Florida, and has recently completed a 16-unit Edgewater Court townhome development in Chicago at 950 W. Berwyn Avenue.

In addition to Granada Center, SLC Properties, Inc. is the developer of Hyde Park Tower, a 155-unit apartment building on the lakefront in Hyde Park.

Press Release, Granada Center Fact Sheet Tuesday, June 12, 1990

Public Relations: Schindler Communications, Inc., 869 N. Dearborn Street.

Project Name: Granada Center; A 16-story, multi-use development featuring 75,000 square feet of retail and office space; 166 studio, one-, and two-bedroom apartments and a 250-car public parking garage.

Location: 6455 N. Sheridan Road at the site of the former Granada Theater.

Developers: SLC Properties, Inc. and Loyola Development Company.

SLC Properties, Inc. is a wholly owned subsidiary of Senior Lifestyle Corporation. SLC principals William B. Kaplan and James B. Klutznick are well-known Chicago Developers.

Loyola Development Company is a newly formed, wholly owned subsidiary of Loyola University Chicago. Stephen F. Kasbeer, senior vice president of administration and treasurer of Loyola, is president of Loyola Development Company.

Architect: Mann, Gin, Ebel, & Frazier Ltd., Chicago.

Construction Start: March 1990.

Occupancy: Spring 1991.

Financing: American National Bank and Trust Company of Chicago

Site: 60,000 square feet.

Physical Description

Height: 16 floors, 172 feet.

Total Space: 310,000 square feet.

Rentable Office Space: 31,000 square feet.

Rentable Residential Space: 130,000 square feet, 166 units.

Rentable Retail Space: 44,000 square feet.

Tower Structural System: Reinforced concrete, flat slab.

Garage Structural System: Precast concrete.

Exterior Wall System: Painted concrete window well.

Glass: Insulating, tinted glass.

Heating, Ventilating & Air Conditioning, Dwelling Unit: Central hot water/chilled water 2-pipe vertical fan coil unit.

Heating, Ventilating & Air Conditioning, Retail/Office: Central hot water/chilled water with ceiling mounted package unit.

Elevators: 3 traction, 2 hydraulic.

Parking: 250-car public parking garage.

Residential Leasing Agent: SLC Properties, Inc.

Commercial Leasing Agent: Coldwell Banker Commercial

Leasing Status: Loyola University Chicago has pre-leased 31,000 square feet for its Lakeshore Campus Administrative Services.

General Contractor: Fred Teitelbaum Construction Co.

Mechanical Engineer: Environmental Systems Design, Inc.

Structural Engineer: Paul E. Mast

Photos

RPWRHS photo R044-0233 shows architects' rendering of Granada Center, 6435 N. Sheridan Road. Date unknown. This was first concept drawing to show what was contemplated to replace Granada Theater by Loyola University, 6525 N. Sheridan Road.