Update Company breaks ground on new office building

A transformation is happening at the corner of LaSalle and Wabash near the Green Line’s Raymond Station. Update Company demolished the vacant obsolete trucking facility at the site and has begun construction of a three-story office building. Plans are in place for a 22,000 sq. ft. building that should be completed in summer of 2016. R. J. Ryan is the general contractor for the $3,000,000 project.

Update Company is a second generation family business that has been working in the Midway for over 35 years. The McCann family started by building three apartment buildings and then renovated or constructed 16 commercial buildings in the west part of the Midway. Their work has been noted for revitalizing the Raymond/University neighborhood, helping to transform it from a perceived run-down area into a now-vibrant community that includes nonprofit organizations, entrepreneurs, artists, and small businesses.

The buildings Update Company has developed now house over 100 businesses, employing over 550 people.

Update Company believes the opening of the Green Line helps to ensure the company’s continued success. “Update Company’s tenants have always known the University/Raymond area was a great location to do business. Now with the Raymond Station open, more people will know about our neighborhood,” says property manager Sandy Jacobs.

Anchoring the new development will be The Improve Group, who has leased 7,000 sq. ft. in the new building.