google buys thompson center

google buys thompson center

Last Updated 3 weeks Ago

The Thompson Center in The Loop will be occupied by Google, officials declared on Wednesday.

The building will be reconstructed by other institutions, and the internet giant has agreed to purchase the entire structure for $105 million. According to the agreement, the Thompson Center would be “fully renovated” into an office complex for Google employees, stated Governor JB Pritzker during a press conference. According to him, the corporation will profit from the transaction, as well as Illinois taxpayers and Chicago residents.

According to Pritzker, Google is among the most significant businesses in Chicago. “You are an essential member of our community and have invested in both your and our futures.”

As part of the agreement, the state will get $30 million in cash and 115 S. LaSalle St., which will be renovated and used as the state’s new office space.

According to Pritzker, consolidating Downtown real estate will save taxpayers close to $1 billion over the following 30 years. Additionally, he said that selling the structure to Google will increase activity in The Loop and result in tax income for the city.

According to Google CEO Karen Sauder, the Thompson Center will be rebuilt while officials respect “its distinctive design.” In order to make the building as energy-efficient, environmentally friendly, and accessible as feasible, alterations will be made, according to Quintin Primo III, chairman, and CEO of Capri, which will work on the renovations.

It’s the most recent development for the iconic building, which has housed government offices since it debuted in 1985 but has experienced expensive infrastructure problems that have caused several MPs to want to sell it.

Few specifics about Google’s ambitions for the Thompson Center’s refurbishment were made public by officials. However, according to CoStar, a provider of real estate information, which initially made the anticipated sale public in June, Google would occupy offices spaced out throughout the entire 17-story structure.

According to CoStar, Google has more than 2,000 employees in Chicago and workplaces at 1KFulton, 1000 W. Fulton St., and 210 N. Carpenter St. The internet behemoth has already declared its plan to increase employment by thousands in places all around the country, including Chicago.

In April, the business welcomed its Chicago workers back to the office.

Helmut Jahn, a renowned modernist architect, created the Thompson Center, which debuted as the State of Illinois Center in 1985.

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