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.
Initial caisson permits have been approved for the mixed-use development at 193 N Columbus Drive in Lakeshore East. Located just north of the Blue Cross Blue Shield tower and commonly known as Parcel O, the project is finally moving forward after a multi-year delay. Led by developer Parcel O LLC, as a stand-in for Magellan Development Group, the proposal is being designed by local firm bKL Architecture whose offices are right next door.
Taking the sixth place in this year’s countdown is the RIU Plaza Hotel Chicago at 150 E Ontario Street in Streeterville. Located just east of the intersection with N Michigan Avenue, the project came in ninth place in last year’s countdown as it replaced an empty lot. Developer The Prime Group worked with local architecture firm Lucien LaGrange Studio on the hotel which will be operated by Spain-based RIU Hotels.
Initial details have been revealed for the mixed-use development at 2116 S Clark Street in Chinatown. Located on the eastern edge of the neighborhood just north of the intersection with W Cermak Road, the proposal would replace an empty lot next to the railroad tracks on the west. While an architect is unknown, the project is being brought forward by Century 21 Realty Associates and HMC Realty & Management.
