Chicago has issued a $45 million building permit for upper-floor renovations at the Accenture Tower, 500 W. Madison St.
The permit says the work covers: “Interior alterations to office space on floors 20-26. Floors 20-24 to remain B-business occupancy, floors 25-26 to include A-3 Assembly occupancy for tenant conference center and dining space. Work to include convenience stair between levels 25 and 26, architectural, electrical, mechanical plumbing and fire protection systems. MEP alterations on Level 19 to install new exhaust ductwork serving the kitchen on Level 24 and a new mechanical platform.”
The project’s general contractor is Executive Construction, Inc. Key subtrrades include: Electrical – Titan Electric LLC; plumber/plumbing – Warren F. Thomas; and refrigeration – F.E. Moran, Inc.
The work here for owner Accenture Inc., appears to be wider in scope than a previously announced $22 million building renovation.
RE Journals had reported in May that KBS, one of the largest owners of commercial real estate in the U.S., has broken ground on a $22 million renovation project at the 40-story, 1.46 million sq. ft. office tower. Accenture Tower is owned by KBS Real Estate Investment Trust III, the published report said.
“Planned upgrades include a new hospitality-inspired office lobby, conference center with pre-function area, a modern tenant lounge with 19’ ceiling, featuring an outdoor deck with a variety of seating options, fire pit, fully functional bar, and more designed by Chicago-based GREC Architects,” RE Journals reported. “According to Dan Park, senior vice-president at KBS and asset manager for Accenture Tower, these renovations strategically align with today’s top office users in the Chicago market and position the property for long-term growth.”
