Rector Building

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Rector Building, Chicago Trust Building, Bell Savings Building
Life Span: 1905-Present
Location: SE corner of Clark and Monroe
Architect: Jarvis Hunt

Lakeside Business Directory of the City of Chicago, 1906

Rector Bldg.

Lakeside Business Directory of the City of Chicago, 1911
Rector Bldg.—79 W. Monroe se. cor. S. Clark.

Chicago Tribune, January 30, 1904

ONE YEAR MORE TO BUILD. RECTOR LEASES REQUIRE STRUCTURE BY MAY 1, 1905.
Announcement That the Restaurant Man Will Put Up an Office Building at Clark and Monroe Streets Attracts Attention Among the Real tracts Estate Men—His Holdings Valued at $800,000
The announcement that Charles E. Rector would erect an office building on his property at Clark and Monroe streets attracted much attention in real estate circles yesterday Mr.

Rector’s original intention was to build a hotel with ample quarters for his restaurant. This plan was abandoned, however, and for a time it was not known what disposition he would make of his holdings. In the office building which is now planned there re will be several floors given over to the restaurant. The time in which the structure must be finished though sufficient is not overlong, for he is bound the terms of his ground leases to erect by May 1, 1905, a building to cost not less than $200,000. How Property Is Divided.

Mr. Rector holds ground leases to the property where his restaurant is now located for ninety-nine years. The total rental is $32,- 000, the property having an area of 91×90½ feet. The tract is in three pieces, and is held under three ground leases as follows: Southwest corner of Clark and Monroe streets, 43×80½ feet, belonging to the estate of Thomas Hoyne, and under lease for a rental of $21,000 a year. This property has a board of review valuation of $307,780.

No. 183 Clark street, 43 feet south of Monroe street, owned by the estate of Reuben Rubel, 24×90½, under lease at $6,000 a year. Board of review valuation, $125,880. No. 185 Clark street, 67 feet south of Monroe street, 24×90½ feet, owned by the estate of Henry Larmon, under lease at $5,000.

Valuation, $125,880. Mr. Rector is ill at the Grand Pacific hotel, and was unable yesterday to discuss his plans in detail. The present improvement on the property is an old four story brick building. The total board of review valuation of the three holdings aggregates $559,540.

The total rental as representing 4 per cent of the value shows a valuation of $800,000.

Inter Ocean, February 11, 1904

NEW SKY SCRAPER PLANNED.
Rector Will Erect Lofty Office Building at Monroe and Clark.
Working drawings for the new Rector building at the southeast corner of Clark and Monroe streets are now being perfected by Jarvis Hunt, with a view to begin work as soon as the present structure can be demolished. The razing of the old building will be begun promptly on May 1.

Important changes from the original plan, which provided for a ten-story hotel with restaurant, have been decided upon by Mr. Rector. The actual shortage of space in strictly modern office buildings has determined the owner to erect a seventeen-story structure, which will occupy the entire site, 90×100 feet.

Only that portion of the basement not required for the operation of the building, and not exceeding three floors, will be used for the restaurant, while the balance will be arranged for offices. The building will cost about $700,000.

The Brickbuilder, September, 1904

Rector Building.
Jarvis Hunt is architect for the Rector Bullding at the southeast corner of Monroe and Clark streets. The building will be go by 91 feet on the ground and fourteen stories high, with a basement eleven feet deep. The height above grade will be 179 feet. It stands on concrete piers 75 feet deep below datum, built in wells where it adjoins other property, and fifty-foot piles in other parts. It is designed for an office building, but Mr. Rector will use the first floor for his restaurant. The estimated cost will be $550,000. The general construction will be a steel skeleton finished on the exterior with a polished granite base at the ground level. The first and second story fronts will be Bedford stone, the intermediate stories will be faced with paving brick, and the upper stories and cornice will be terra-cotta. The court walls will be faced with white enameled brick. The floor construction and fireproofing throughout will be of semi-porous terra-cotta, using flat end pressure arches. The inside finish will be of wood, but all windows on the court will have metal frames and sashes glazed with wired glass.

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