Chicago City Wire

The former Harris Trust & Savings Bank complex, located at 111 W. Monroe St. in the Loop, is set to receive official landmark status according to a proposal introduced to the City Council today.

The complex includes a Classical Revival building constructed in 1911 and a modern east tower added in 1960, designed by Walter Netsch. It symbolizes the growth of the Loop as a financial center during the 20th century.

If designated as a landmark, all exterior elevations of the property would be protected, including the bas relief bronze lion sculptures on the facade of the 1911 building.

Alongside this designation, there is also a proposal for a Cook County Class L property tax incentive valued at $19.4 million over 12 years.

Previously, City Council approved a $179.2 million adaptive reuse project for 111 W. Monroe that aims to convert 315,000 square feet of office space into 345 mixed-income residences. This project is part of an initiative to repurpose underutilized high-rises on the LaSalle corridor.