Pancoe Building, Indian Building, Owings Building, Wells-Monroe Building
Life Span: 1889-1929
Location: Southeast corner Fifth avenue and Monroe
Architect: O. J. Pierce
- Lakeside Business Directory of the City of Chicago, 1899
Inland Architect, 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, irom 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.
Chicago Tribune, January 5, 1888
L. C. Straight has purchased from F. P. Owings the leasehold of the 50×40 feet on the southeast corner of Monroe street and Fifth avenue, and has bought outright the adjoining 20×100 feet on Monroe for the total consideration of $160.000.
Inter Ocean, December 23, 1888
It is reported that Ferd W. Peck is contemplating the purchase of the Owings building. now in process of construction on the southeast corner of Fifth avenue and Monroe street. It is understood that Mr. Peck agrees to purchase of Mr. Owings the building and leasehold, subject to no other incumbrance than a mortgage of $48,000, and that the structure shall be completed. As a consideration for the property Mr. Owings takes $52,000 in cash, together with the properties No. 1432 Michigan avenue and No. 2259 Wabash avenue, known as a portion of the Peck estate. Mr. Owinge will use the cash in carrying out the large improvements be has now on hand.
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