OK sought for 22-story office building across from Old St. Pat’s
By David Roeder and Fran Spielman Staff Reporters November 7, 2011 5:22PM
...The proposal comes amid tentative signs of a recovery in demand for offices. A report on the market by CB Richard Ellis Group Inc. showed that in the third quarter, downtown office vacancies were 14.3 percent, the lowest rate for the last seven quarters.
In hopes of better times, developers have begun teeing up properties for the next round of new construction. One site in competition with the Old St. Pat’s property is just a block away at 601 W. Monroe, where Fifield Cos. plans a similarly sized office building...