The Biography of Chicago’s Marina City

$2.5 million buys the lot and railroad tracks
December 17, 1959

“The land on which Marina City will be built is 135,000 square feet (more than three acres), which Building Service bought from the Chicago and Northwestern Railroad company for $500,000 less than the long-time asking price of $3,000,000. The land is the largest piece of vacant property on the Chicago River in the Loop vicinity.”
– December 1959 Service Employee, published for members of BSEIU

Aerial photo of rail yard for Metropolitan Planning Council (1950). (Left) An aerial photo from 1950 for the Metropolitan Planning Council showing the rail yard over which Marina City would be built.

Although there are conflicting accounts of who exactly “discovered” the under-utilized land on which Marina City was built – some say it was Bertrand Goldberg, some say it was Charles R. Swibel – it would have been hard to miss. The 135,000 square foot lot was the largest vacant property in downtown Chicago.

(Right) 1959 map of proposed site north of Chicago Loop. Map of proposed site by Bertrand Goldberg Associates (1959).

Bordered by North State Street, West Kinzie Street, North Dearborn Street, and the Chicago River, the lot was empty except for a 34-foot wide strip of railroad tracks that ran through the north half of the site and extended west to Merchandise Mart.

Goldberg initially recommended it as a location for a new headquarters for Building Service Employees International Union but the union decided that would be too expensive. As a housing project, however, it made more sense.

1959 marched on as the union, represented by Swibel, negotiated with L. J. Sheridan & Company, agents for Chicago & Northwestern Railroad, owner of the property. Swibel, president of the mortgage banking firm, Marks and Company, met with Frank Wells, who represented L. J. Sheridan & Company.

The railroad wanted $3 million. Swibel got it down to $2.5 million.

On December 17, 1959, at 9:30 a.m., BSEIU president William L. McFetridge showed up at the site with a railroad spike and a check for $250,000. The check was a down payment. The spike was a symbol of the railroad tracks being relocated to make the land available for construction. McFetridge signed a contract with Clyde Fitzpatrick, president of the railroad.

Local 46 Union News (January 1960). (Left) Photo from January 1960 Local 46 Union News. Left to right: Swibel, McFetridge, Paul W. Goodrich, president of Chicago Title and Trust Company, Fitzpatrick, and Leo J. Sheridan, chairman of L. J. Sheridan & Company.

That was on a Thursday. On the following Tuesday, December 22, 1959, in the 111 West Washington Street offices of Chicago Title and Trust Company, which had done a title search and insured title to the property, a check for the balance was presented to close the sale. Marina City was Chicago Title and Trust Company’s five millionth title insurance policy.

Chicago Title and Trust Company (December 22, 1959).

Left to right...

  • Bertrand Goldberg, architect
  • Charles R. Swibel, president, Marks and Company
  • Thomas Burke, vice president, Building Service Employees International Union
  • Kendall Cady, vice president in charge of real estate, Chicago & Northwestern Railroad
  • William L. McFetridge, president, Building Service Employees International Union
  • Leo J. Sheridan, chairman, L. J. Sheridan & Company, agent for the seller
  • Clyde J. Fitzpatrick, president, Chicago & Northwestern Railroad
  • Paul W. Goodrich, president, Chicago Title and Trust Company
  • Frank C. Wells, vice president, L. J. Sheridan & Company

Wacker Drive circa 1959.

(Above) Chicago River near North Wabash Avenue, circa 1959. Wacker Drive at left. Chicago Sun-Times Building at right. Marina City will be built in the mostly empty space to the left of the Sun-Times Building.

(Below) Today, the abandoned railroad tracks, barely visible in the ground at lower right, extend east and west directly below a private driveway. The grating at right is the driveway entrance from State Street.

Railroad tracks at Marina City. Photo by Steven Dahlman (September 23, 2007).

Last updated 10-Jun-14

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