Updated plans have been revealed for the adaptive reuse of the Mid-City Trust & Savings Bank at 801 W Madison Street in the West Loop. Located on the intersection with N Halsted Street on the northern boundary of Greektown, the proposal has just received approval from the Permit Review Committee this week. Developer ECG Madison LLC is working with Pappageorge Haymes Partners on the curated design.
Built in 1912 for Mid-City Trust & Savings Bank by architect Horatio R Wilson, the six-story building went through a slight renovation in 1928 prior to the Great Depression which gave us the current design for the bottom two floors. Though those floors occupy the whole site, the upper four take on an L-shape wrapping around large central skylights for the previous bank below. While the bank eventually merged with MB Financial, the building’s interior remains the same.
Given the history tying it back to a golden-age of neighborhood banks and its designation as a city landmark, the development team is proposing heavy restoration work in order to turn the structure into a new hotel. Said work will begin with the repair and cleaning of the red-brick facade and ground-floor limestone with its ornate arched windows, the upper floors will receive new windows as needed as well as have its parapet repaired.
A new entrance will also be opened along an existing door on Madison Street, with a new canopy above it serving as the hotel’s main entrance. The rest of the ground floor will continue to act as a commercial space utilizing the original entrances, with the aforementioned skylights being refurbished and a new ceiling installed. Additional elevators will also be built-in as well as a new mural proposed on the western elevation on top of the common brick.
Once completed the 82,000 square-foot building will contain 80-hotel rooms, each being able to handle long-term stays with a kitchenette and laundry according to Greektown Chicago. Dubbed The Neighborhood Hotel, it will also partner with local merchants for the property amenities and guidebooks. The developers will now need to proceed with further city approvals prior to construction, with previous announcements claiming a 2025 opening date.