Home » MHN City Pages  »  Chicago  

New Conrad Chicago Hotel Opening in 2016

26 May 2015, 7:15 pm

By Ioana Neamt, Associate Editor

Conrad Hotels & Resorts recently reached an agreement with Geller Investment Co. and Wanxiang America Real Estate Group to open a new Conrad hotel in the Windy City. According to a news release, a brand new Conrad Chicago will open at the corner of Michigan Ave. and Erie St. in the spring of 2016.

The current Conrad Chicago at 521 N. Rush St. will be rebranded under Starwood Hotels & Resorts’ Luxury Collection. The new hotel, designed by Pierre-Yves Rochon, will be located just a few blocks north of Conrad’s current location. The 20-story Conrad Chicago will feature 287 rooms, more than 10,500 square feet of meeting and event space, as well as a variety of dining and entertainment attractions.

“The signing of the new Conrad Chicago underscores our commitment to delivering best-in-class hotels in key gateway locations that meet the growing needs of global luxury travelers,” said John Vanderslice, global head at Conrad Hotels & Resorts. “This new property enhances the Conrad portfolio and supports our goal of connecting travelers to the most inspiring destinations around the world.”

The new Conrad Chicago will be the sixth property in North America under the Conrad brand name. The company is currently working on projects in Fort Lauderdale and Washington, D.C.

Click here for more data on Chicago



MCZ Reveals Plans for Apartment Community at Former Edgewater Medical Center Site

23 May 2015, 4:30 am

By Ioana Neamt, Associate Editor

Proposed rendering of MCZ’s residential complex

MCZ Development has released renderings for a proposed 141-unit apartment complex at the site of the former Edgewater Medical Center in Chicago. According to a posting on 40th Ward Ald. Pat O’Connor’s website, the developer has submitted a TIF application to the city, requesting a total of $10.7 million to complete the envisioned project.

The site of the former Edgewater Medical Center on Ashland has been vacant for more than a decade. MCZ plans to close on the property by September 2015, if the proposal is approved by the city’s Department of Planning. According to DNA info, MCZ already owns the site of the center’s parking garage and plans to turn it into luxury homes.

MCZ’s proposal for the vacant medical center includes nine studio apartments, 100 one-bedrooms and 32 two-bedrooms. Of the 141 apartments, 29 would be affordable housing, as required by ordinance. The developer also intends to undertake adaptive re-use of some of the buildings and add 141 parking spots. Chicago-based Hartshorne Plunkard Architects is in charge of the design of the former medical center.

If MCZ’s proposal is approved, the developer plans to start construction work in the spring of 2016. Occupancy would be complete by March 2018.

Rendering courtesy of MCZ Development via DNA info Chicago.

Obtain more data on Chicago’s multifamily market.



Fillmore Takes Over Management of the MileNorth Hotel Chicago, Plans $12M Upgrades

18 May 2015, 6:36 pm

By Ioana Neamt, Associate Editor

MileNorth Hotel Chicago

Fillmore Hospitality, LLC took over management of the MileNorth Hotel Chicago located in the city’s popular River North neighborhood. The Ohio-based company plans to renovate the boutique hotel into a modern destination for both leisure and corporate travelers, according to a news release.

“Guests love the fact that MileNorth’s guest rooms are so large, averaging 450 sq. ft.,” said Tom Goodwin, president of Fillmore Hospitality. “Fillmore plans to reposition MileNorth with an extensive $12 million renovation which will provide a dramatic new and completely up-to-date product for our guests.”

Located at 166 E. Superior St. in the River North area, the MileNorth Hotel Chicago is within walking distance of the Magnificent Mile, the Museum of Contemporary Art Chicago, Navy Pier, the Theatre District, and the John Hancock Building. The 215-key hotel incorporates 3,000 square feet of meeting and event space, as well as 52Eighty, Chicago’s tallest rooftop lounge.

Amenities include a 24-hour fitness center, living room-style lobby, valet parking, and high-speed internet access. Guestrooms feature free Wi-Fi access, mini refrigerators, as well as oversized windows with views of the city.

According to the news release, Fillmore is also planning new urban-style hotels in Nashville, New Orleans, Dallas and Los Angeles, totaling almost $200 million in new development activity.

Image courtesy of MileNorth, A Chicago Hotel



Northwestern Breaks Ground on New Biomedical Research Center in Streeterville

14 May 2015, 7:13 pm

By Ioana Neamt, Associate Editor

Facility rendering by Perkins+Will

Northwestern University broke ground on a new biomedical research center on a site formerly occupied by Prentice Women’s Hospital in Chicago’s Streeterville neighborhood. University and city officials attended a groundbreaking ceremony on May 8, marking the start of construction on the 600,000-square-foot facility.

Designed by Perkins + Will, the Louis A. Simpson and Kimberly K. Querrey Biomedical Research Center will be located at 333 E. Superior St. Prentice Women’s Hospital has relocated to a nearby location. The Bertrand Goldberg-designed, brutalist-style building was demolished in 2014 after it was denied landmark status by Chicago officials.

According to The Daily Northwestern, construction of the new building will be structured into two phases. Phase one involves the construction of 14 floors, all dedicated to biomedical research, while the second phase will include an additional 15 floors. The facility will create about 2,500 construction jobs and 2,000 permanent jobs, Mayor Rahm Emanuel told reporters at the ceremony.

Northwestern University president Morton Schapiro hopes that the new research center will bring together scientists from the Feinberg School of Medicine, the McCormick School of Engineering and Applied Science, the Weinberg College of Arts and Sciences, and the Ann & Robert H. Lurie Children’s Hospital, The Daily Northwestern reported.

Rendering courtesy of Perkins + Will via Curbed Chicago

Read market data on Chicago.



Starwood Debuts The Luxury Collection Brand in Chicago

14 May 2015, 6:00 am

By Ioana Neamt, Associate Editor

The Conrad Chicago

Starwood Hotels & Resorts Worldwide announced the debut of The Luxury Collection brand in Chicago, following the conversion of the Conrad Chicago hotel at 521 N. Rush St. The 311-room hotel, which will soon receive a new name, is owned by Bethesda-based DiamondRock Hospitality and is set to undergo extensive renovation work.

“The Luxury Collection continues to gain momentum in North America through strategic conversions and landmark renovations in top-tier cities like this one,” said Allison Reid, senior vice president of North America development for Starwood Hotels & Resorts. “Owners and developers are increasingly seeking out The Luxury Collection brand to reposition existing assets and quickly benefit from Starwood’s powerful systems and loyalty program.”

The Conrad Chicago is located downtown, with direct access to the Magnificent Mile shopping district and in close proximity to popular destinations including the Chicago Loop, Navy Pier, Millennium Park, Wrigley Field, the Art Institute of Chicago and many others. Amenities include three upscale restaurants and lounges, a 2,000-square-foot fitness center, as well as expansive meeting and event space.

The Conrad is the first property in Chicago to be converted into a Luxury Collection-branded hotel. The brand currently has 95 properties worldwide, 16 of which are located in North America.

Image courtesy of Conrad Hotels & Resorts

View more market data on Chicago.







One Response to Chicago Archive

  1. Joselyn Overley

    Sep. 26, 2011 at 12:58 pm

    I just think it’s too hard for small businesses to try to purchase a property, renting or leasing is their only real option

Leave a Reply