Statement of Significance (as of designation - January 7, 1976):
Built 1893-94, this 16 story building demonstrates that its designers, Holabird and Roche, understood the implications of the then-new steel frame technology: the revolutionary new building material demanded rethinking of obsolete architectural theories. The first decisive statement on steel framing, the building's interior is a model of functional design that also retains some of the most handsome details--sculpture, marble, and mosaics--of any of the the Chicago buildings.
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