Hotel Conversion Progresses Rapidly at Landmarked 226 W Jackson Boulevard in The Loop
Construction is making headway at The Loop‘s 226 W Jackson Street. Owner Phoenix Development Partners is converting the 15-story office building into a hotel.
Construction is making headway at The Loop‘s 226 W Jackson Street. Owner Phoenix Development Partners is converting the 15-story office building into a hotel.
YIMBY recently stopped by the site of Tribune East Tower, the newly approved supertall that will become Chicago’s second tallest building. Tribune East is part of the Tribune Tower redevelopment project, which includes the conversion of the original Tribune Tower into 162 condominium units. Developers CIM Group and Golub & Company are leading the development of the $700 million structure that will replace a surface parking lot originally used by Chicago Tribune employees.
Work is currently underway on the conversion of the historic 15-story office tower at 226 W Jackson Boulevard in The Loop. The building is the former headquarters of Chicago & North Western Railway and most recently was the headquarters building for City Colleges of Chicago. Located at the northeast corner of W Jackson Boulevard and S Franklin Street, the edifice is across the street from the Willis Tower, formerly Sears Tower. Phoenix Development Partners is in charge of this development, with an estimated development cost of $136 million, which includes the property acquisition cost of $32.7 million.
YIMBY has recent photos and visualizations of construction at 808 North Wells, aka “AMLI 808,” a 17-story mixed-use tower in River North.
Renovation permits were approved last month for The Hoxton, a 12-story hotel at 200 N Green Street in Fulton Market, West Loop. Located between W Lake Street and W Fulton St, the interior lot is three blocks east of the Morgan CTA L station, serviced by the Green and Pink Lines. Hospitality group Ennismore under the 200 Green Developer LLC is listed as the owner behind the applications, reporting $135,000 as the cost for the renovations.