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The Chicago Community Development Commission has initially approved TIF funding for the redevelopment of 105 W Adams Street in The Loop. Located at the corner of South Clark Street and next to the Federal Center, the iconic structure has seen multiple redevelopment attempts over the past few years. Now, Chicago-based Primera Group is moving forward with its plans.

Built in 1926, the 41-story, 476-foot-tall tower was originally designed by the Burnham Brothers in the Art Deco style. Since then, it has housed a number of tenants while slowly falling into disrepair, a condition visible in its heavily stained façade. However, the Club Quarters hotel continues to occupy floors three through ten.