Palace Owings Buildings, Wells-Monroe Building, Pancoe Building, Indian Building
Life Span: 1887-1959
Location: Near Southwest corner Fifth Avenue (Wells) and Quincy
Architect: O. J. Pierce
- Lakeside Annual Directory of the City of Chicago, 1887
Owings’ F. P. Blk.—232 to 236 Fifth av.
Chicago Tribune, March 7, 1886
A PURCHASE AND A LEASE IN THE WHOLESALE QUARTER.
J. C. McMullin of the Chicago & Alton Road has bought, through the agency of Mead & Coe, 42×164 feet on the west side of Franklin street, about ninety feet south of Jackson, for $48,000, which is the highest price ever paid for property in that vicinity. He has leased
the land to Frank Owings for ninety-nine years on a basis of 6 per cent on $50,000, subject to one final revaluation ten years hence, which is not to be less than $50,000. Mr. Owings will at once begin the erection of a fine brick store of five stories and basement. It is agreed that the basement and first floor shall be ready by the 1st of May, which will require pretty rapid work. The land is near the large lot belonging to the McNeill estate.
Chicago Tribune, October 17, 1886
New Stores.
The new Palace Owings Buildings, Nos. 232, 231, and 236 Fifth-av.; eight stores. 64×90 ft.; passenger and freight elevators, steam heating: will divide parts of building to suit tenants; possession Jan. 1, 1887.
Chicago Tribune, October 24, 1887
New Palace Owings Buildings, 232 Fifth-av.. near Jackson-st.; will divide building to suit tenants: passenger and freight elevators, steam heating, etc.
Inland Architect and News Record, February, 1887
Mercantile building for Francis P. Owings, Fifth avenue, Chicago.
O. J. Pierce, architect. This building occupies an area of 64 feet front by 88 feet deep, and is eight stories in height above cellar. It is divided into two distinct buildings, by a heavy wall, from foundations to coping above roof, and the stores and floors above are entirely unobstructed by columns. Two freight and one passenger elevator, fireproof vaults, steam heating, etc., complete. The front is of marble, stone and iron, and the Saracenic design marks something of an innovation in Chicago street architecture. The cost was about $80,000.
Rand, McNally’s Bird’s-Eye Views of Chicago, 1893
① The Owings Building,
At 232-236 Fifth Avenue, now owned by Mandel Bros., is 80 feet wide, 100 feet deep, and 120 feet high, with 7 stories and basement. The front is of cut-stone and steel. There is 1 passengerand 2 freight elevators. The occupants are wholesale jobbers. Erected in 1886.
- F. P. Owings Building
Sanborn Fire Insurance Map
1906
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