The Chicago City Council has approved the mixed-use development at 1016 W Lake Street in Fulton Market. Replacing a surface parking lot on the corner with N Carpenter Street, plans for the hotel were revealed last year and are now moving forward quickly. The project is being led by New York-based Cogswell Realty and Erol Stapleton with M Moser Associates working on its design.
A new 15-story hotel at 1016 W Lake Street, Fulton Market, has been approved by the Plan Commission. Cogswell Realty and Erol Stapleton bought the site for $6.6 million, and are planning 143 hotel rooms, which is an increase from the originally planned count of 130. The ground level will house a lobby and a small commercial space, with the second and third levels designated for amenities. A 3,400 square-foot sky-lounge with an outdoor deck is planned for the top floor.
Further details have been revealed for the mixed-use development at 1016 W Lake Street in Fulton market. Sitting adjacent to the CTA tracks on the intersection with N Carpenter Street, we first covered the proposal a month ago as its initial details were revealed. Now the development team of Cogswell Realty and Erol Stapleton have presented the M Moser Associates-designed building to the community.
Details have been revealed for a new mixed-use development at 1016 W Lake Street in Fulton market. Located on the intersection with N Carpenter Street, the project would replace a surface parking lot next to a strip of townhomes facing the train tracks. The proposal is being led by a team made up of New York-based Cogswell Realty and Chicago-based Erol Stapleton, with M Moser Associates working on the design.