Merchandise Mart

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Image:Merchandise Mart.jpg Image:North Side of the Merch Mart.jpg Image:Behind the Merch Mart.jpg Image:A Display inside the Merch Mart.jpg

The Merchandise Mart is the second largest commercial building in the world (next to the Aalsmeer Flower Auction in the Netherlands), located in Chicago, Illinois. It opened in 1930 on the site of the Chicago and North Western Railway's former Wells Street Station, which the railroad had abandoned in favor of the Chicago and North Western Passenger Terminal in 1911.

The Merchandise Mart was designed by the Chicago architectural firm of Graham, Anderson, Probst and White. When it opened in 1930, its cost was reported as both $32 million and $38 million. It was built in art deco style.

In 1945, the Merchandise Mart was purchased by Joseph P. Kennedy, Sr. The building was owned by the Kennedy family through MMPI until 1998, when MMPI was acquired by Vornado Realty Trust for $450 million in cash and a $100-million-plus stake in Vornado. <ref>Template:Cite web</ref> Christopher Kennedy remained as President of MMPI.

The Merchandise Mart has its own station on the Chicago Transit Authority's 'L' system, served by the Brown and Purple Lines. The station's turnstiles are actually within the building, while the platforms themselves are connected to the east side of the building.

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References

  • Chappell, Sally A. Kitt, Architecture and Planning of Graham, Anderson, Probst and White, 1912–1936:Transforming Tradition, The University of Chicago Press, Chicago, IL 1992Template:US-struct-stub