Property Lines - Scott Olson

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Real Estate & Retail

Updated Gibson Building unveiled

September 12, 2007

Gibson BuildingMayor Bart Peterson and OneAmerica executives cut the ribbon on the renovated Gibson Building this morning. Work on the 1916 building (originally a car manufacturing facility) began in April 2006 and cost more than $10 million. The building is southeast of Capitol Avenue and Michigan Street, just north of OneAmerica Tower. About 180 AUL employees work on the second and third floors. The company still is working to lease about 22,000 square feet of retail space on the first floor. Peterson said he expects the new building to be a catalyst for redevelopment, much like the AUL Tower was in 1982. "This was a building worth saving, and because it's been saved this is a better city," Peterson said. What do you think?
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