Urban Melodrama
And the real estate hits keep coming…
The red-hot West Loop/Fulton Market District’s hospitality scene is showing no signs of slowing down as Shapack Development is set to unveil a Morris Adjmi-designed 11-story hotel proposal at the northwest corner of Lake and Green Street. Fresh off the success of their acclaimed 40-room Soho House, the Chicago-based developer is upping the ante with a 165- to 171-room project just one block south at 832-850 W. Lake, a site currently occupied by a low-rise meat packing business and parking lot. According to a conversation with Crain’s, developer Jeff Shapack confirmed the new development will include ground floor retail and dining, parking on the second floor, office space on the third and fourth floors, and hotel rooms up to the building’s 11th level rooftop deck. The hotel operator has not been announced, but with both the nearby Ace and Nobu hotels also in the pipeline to meet the area’s surging demand for hip lodging, a boutique brand would be a good guess for Lake and Green as well.
(click here to continue reading Soho House Developer Plans Another Hotel for Fulton Market – Hotel Boom Town – Curbed Chicago.)
This location is slightly outside of the new Fulton Market Historic District boundaries, I wonder if that was planned.
Fulton Market District