I used to work in 1001 with a window facing CM. Around that time I always heard people refer to the Hudson's site as "the biggest hole in downtown". This always lead me to think the Monroe block was kind of overlooked and wouldn't see any development until at least after the infamous Hudson's site. This is great news though! I have high hopes that this will be done right and the building will have a well thought out mix of retail, office, and residential space.