New York Life, Photo Credit Ward Miller, Preservation Chicago
The Great Recession of 2007 and 2008 complicated the economic growth and progress of cities around the country. But for Chicago’s New York Life Insurance Building, it may have been the Hail Mary needed to save the 1894 structure from destruction, once and for all.
Referred to as the “Father of the American Skyscraper,” William Le Baron Jenney is often credited as the inventor of the entirely metal-framed buildings. Between 1883 and 1903, he designed the New York Life Insurance Company’s Midwest headquarters in Chicago’s Financial District. Built in the Chicago School style of architecture, the New York Life Insurance Building is one of three neighboring Jenny-designed structures on La Salle Street and features design elements unique to its time, such as terracotta detailing on the facade and expansive marble, which are still visible today.Despite the building’s extensive history, the allure of taller and more modern buildings almost overtook the importance of maintaining one of Chicago’s historic structures.
“These early skyscrapers were oftentimes threatened because they were smaller buildings,” explains Preservation Chicago Executive Director Ward Miller. “They were originally built as Class A or Class B buildings, but because they didn’t have big floorplans for modern day corporations, they fell down to Class C office buildings.”
For the New York Life Insurance Building, its ultimate future would not be determined for much of the early 21st century. Working with the newly incorporated Preservation Chicago, Miller and other advocates pushed the city to landmark the structure and placed it on Preservation Chicago’s “Most Endangered” list in 2003 and 2006. Finally, later that year, the city named New York Life Building a Chicago Historic Landmark; however, a prolonged tolling agreement left the preservation community waiting with bated breath.
Out of imminent danger, the New York Life Insurance Building retained its tenants, though the necessity for a long-term, responsible steward grew increasingly apparent.
“It did provide a place for those businesses to exist and grow and perhaps thrive,” says Miller. “But there was really a greater need for some attention to be given to the building and Kimpton came in at just the perfect time with the idea of preserving the building as a whole, without gutting it, without destroying it or having to rebuild things.”
At the time, Kimpton Hotels and Restaurants Group already had four hotels in the Chicago area, including three in historic structures.
“When we saw the beauty of the building, the historic significance of the building and knowing that we were in the main financial district of downtown, we said to ourselves, ‘We can’t let this opportunity get away,’” says Nabil Moubayed, general manager at the newly reimagined New York Life Insurance Building, now Kimpton’s The Gray Hotel.
Kimpton officially acquired the building in 2014. With a budget of over $100 million (including historic tax credits) and the help of Gensler architecture firm, Kimpton oversaw work to expose the original marble from underneath laminate and carpet; clean smoke-stained marble walls; carefully tuckpoint exterior brick and terracotta; and remove, repair, and reinstall hundreds of historic windows. After two years of work, Kimpton’s The Gray at 39 La Salle Street opened in August, lauded as a resounding success.
“This is by far the most positive reception I’ve seen of anything that we’ve done,” says Moubayed, a Kimpton employee of 13 years. “What’s been the most fun is when I see people walking in and marveling at the amazing, shiny marble and the historic staircase that goes up to the second floor.”
Today guests and locals alike can enjoy the historic ambiance of the hotel including Moubayed’s favorite space, the bar Vol. 39, which is lined with dog-eared and Post-it-tagged law encyclopedias that the construction team found during the office-space demolition.
Kimpton’s decision to capitalize on the New York Life Insurance Building’s location in the Financial District—not far from the Loop neighborhood—is seeming less and less unique.
“There is actually a community starting to form, which we are really excited to be a part of,” says Moubayed of the conventionally business-oriented neighborhood. Just last year the Hyatt Centric the Loop Chicago, featuring a rooftop bar, opened around the corner in a 1927 art deco office space. And one of Chicago’s hottest new food destinations—Revival Food Hall, located on the ground floor of a 1907 Daniel Burnham-designed building—is less than a block away.
“The downtown as a whole is coming back to life,” says Mary Lu Seidel, National Trust senior field director of the Chicago Field Office.
As Chicago’s downtown flourishes, the New York Life Insurance Building has been reborn as a testament to the history of construction and design and the importance of adaptive reuse for urban communities.
“We are all very proud parents of a new Chicago treasure,” says Miller.
This story originally appeared on SavingPlaces.org, the website of the National Trust for Historic Preservation.
Katharine Keane is an editorial assistant at Preservation Magazine. She enjoys getting lost in new cities, reading the plaques at museums, and discovering the next great restaurant.