This project makes me giddy on a personal level. When I drive to work, I park in the massive garage just to the north of this ugly building, which is now undergoing demolition:
The gray building used to house a small factory, while the beige building on the left housed the Bank One Operations Center. The factory is going to be leveled, while the Ops Center will be gutted and reused, as it was built to withstand the weight of armored trucks. This article from the IBJ has a good explanation of the project, and this post on Skyscraper City posts renderings and updated photos of the progress. I can not wait to see this area transformed, and I can only hope this will be the catalyst needed to make Market Square redevelopment more realistic.