At this rate, the 11-story building that topped Preservation Chicago‘s 2007 Chicago 7 most-threatened list will soon be reduced to nothing. As we’ve reported in the past, the Farwell Building at 664 N Michigan Ave in River North is being dismantled, and together with a 40-story high-rise it will constitute part of the Ritz-Carlton Residences.
Here’s a statement from Prism Development’s Web site explaining what will be done with the Farwell Building:
The plan calls for meticulously removing and cataloging the elements of the limestone façade of the 1920s Farwell Building at 664 N. Michigan Avenue, former site of the Terra Museum of American Art. Prism would then raze the 11-story deteriorated structure making way for a new foundation, structure, and strong-back system to receive the restored façades.
Once the new building is constructed, the restored façade will be filled in with replicas of missing decorative elements, along with “new roofing materials to safely replicate the original slate,” according to the Web site. The new Farwell Building will feature retail and office space, and the residential portion of the Ritz-Carlton Residences will be in the high-rise.