The Chicago Department of Transportation announced on Thursday that the elevated CTA station located at State and Lake streets in downtown Chicago will close on January 5.

Extensive work is already underway in the area, right outside the ABC7 Chicago studios on State and Lake.

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This effort is part of the preparations for the demolition and subsequent reconstruction of the station, which has been standing for 120 years.

According to the CTA, the new station is anticipated to open in three years, with a projected completion date in 2029.

The upgraded station will boast wider platforms, new elevators to ensure full accessibility, a stunning glass canopy, and enhanced lighting and visibility.

State and Lake is the fifth highest ridership station in the system, and located at one of the busiest transfer points in the Loop.

The underground Red Line stop will remain open, but trains will not stop at the elevated station during construction.

Eastbound Lake Street between State and Wabash Avenue will be intermittently closed during off-peak hours starting Monday, for preparatory work prior to the start of the station demolition.

Once the station closes, Lake Street will be limited to local traffic only between Dearborn Street and Wabash Avenue to facilitate work under the tracks.

Southbound State will be one lane from Wacker Drive to Washington Street. Northbound state will have all lanes open, CDOT said.

Sidewalks will remain open.