The National Association of Realtors’ board of directors voted Monday to replace their building at 430 N. Michigan, home of the world-famous Billy Goat Tavern.
The building’s redevelopment plan includes a high-end hotel, condominiums, offices and stores.
Stephanie Singer, a spokeswoman for the association, told the Chicago Tribune that the Billy Goat would be temporarily displaced but that she has been reassured by board members that accommodations would be made for the tavern.
The Billy Goat Tavern has been open in its current space for 50 years. No time frame has been set for the redevelopment.
Despite the redevelopment, Bill Goat Tavern owner Sam Sianiss says he would like to remain in the same location and keep everything the same.
“Nothing has changed since 1964,” Sianis told the Chicago Tribune. “Nothing has changed from the time we opened up to now.”