![]() Expanding the depth and size of the existing basement while increasing the structural integrity of the building was complicated by the location in a historic district. Situated amongst a dynamic enclave of foodie destinations, converted industrial lofts and plentiful office space, it became clear once architectural development was underway that the existing building would not fulfill the operational needs required for an underground dishwash commissary (all food is served on real china with silverware), as well as meeting utility and engineering requirements. Modern finishes such as vertically-installed tiles on bar fronts, Acacia wood community tables and stools and a striking ‘Chicago’ tile-installation provide contrast to the casual bleacher. With the recent influx of popularity in food hall concepts, the project team was challenged to develop a concept that would provide an engaging experience and differentiation in the market.Ĭontextually designed to reflect the iconic brand behind the food hall and the energy of West Loop’s rapidly changing neighborhood, the team paid homage to the building’s utilitarian past as a meatpacking plant with the utilization of authentic materials such as blackened steel and poured concrete floors. Coordinating with stakeholders and consultants both in Chicago as well as internationally, the firm was able to leverage their food service design and operations for the complex programming of 18 eateries, three bars, a speakeasy, rooftop area and a demo kitchen spread out across three floors. It isn't expected to return to that target for a couple of years, even in the face of the Fed's most aggressive rate-hike campaign since the 1980s.Chipman Design Architecture was tapped as both architect and interior designer to guide the two and a half year development schedule for the 50,000-square-foot food hall that brings together some of Chicago’s most famous chefs to the West Loop’s Fulton Market. The Fed's preferred measure of inflation is running at more than three times the central bank's 2% target. ![]() "We have accomplished front-loading and now we are at the point where we are looking for the right level of restrictiveness and mindful of data dependency in a world where inflation just lags more than the real economy." "There's ample capacity" to tighten monetary policy even at a slower pace, he said. ![]() The Fed on Wednesday delivered its fourth straight 75-basis-point interest rate increase, bringing the policy rate to 3.75%-4.00%, as part of an effort to "expeditiously" get borrowing costs high enough that they begin to slow growth and bite into inflation.Įvans said he supported this week's move, and also expects the Fed to eventually need to raise its benchmark overnight interest rate "slightly higher" than the 4.50%-4.75% range he and many of his fellow policymakers had previously thought would mark the peak of the current tightening cycle.īut the Fed should now pull back on the pace of its rate increases, given that tighter policy will likely only bring inflation down slowly, he said, echoing, but with a slightly more dovish emphasis, the view Fed Chair Jerome Powell laid out earlier this week. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |