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The Belmont-Sheffield Trust and Savings Bank Building is a six-story building built in 1928 at 1001 W. Belmont, Chicago, Illinois. The building was designed by architect John Nyden and is on the National Register of Historical Places. It was constructed in a U-shape around a two-story central atrium, which allowed light to reach the bank lobby -- the glass atrium has since been roofed over.
When the building was first completed, it held the Belmont-Sheffield Trust and Savings Bank on the first floor and part of the second; offices on the rest of the second floor and on the third floor; and the Montfield Hotel (address 3146 N. Sheffield) on floors four through six. However, the bank closed on June 24, 1932, due to financial difficulty following the Great Depression. The bank portion of the building then remained vacant until World War II, when local rationing board 40-46 took over the space. The building also housed the Lake View Citizens' Council in the 1950s.
It struggled with vacancy until 1984, when a developer received a federal loan to convert the Montfield Hotel into 54 apartments, maintaining stores on the ground floor. The building was sold again to another developer and the upper floors converted into loft condos in 2005, which are now listed at the address 3150 N. Sheffield. In 2007, the Commission on Chicago Landmarks recommended landmarking the building along with 15 other neighborhood bank buildings.
[edit] References
- "Bank at Belmont and Sheffield Gets New Home". (Nov. 18, 1928). Chicago Tribune, p. B1.
- "4 City Project Given Rehabilitation Funds". (March 30, 1984). Chicago Tribune, p. A7.
- "Rationing Board Takes over Old Bank Building". (Jan. 24, 1943). Chicago Tribune, p. N1.
- "Plan $850,000 Building for Belmont Ave." (June 10, 1927). Chicago Tribune, p. 30.
- "Central Mfg. District Bank to Pay 22 Pct." (Dec. 21, 1934). Chicago Tribune, pg. 37.
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