Status Update: Hyatt Place in its Place
Aug28

Status Update: Hyatt Place in its Place

The new Hyatt Place hotel at 28 North Franklin Street is about half-way to its intended height of 18 stories.  It’s just the latest in a flurry of new hotels being built, or that have recently opened, in downtown Chicago.  Developers are taking advantage of Chicago’s notoriously high room rates, and the fact that there are virtually no low end options, or even “poor location” alternatives in the market. OTO...

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Status Update: Hyatt Place on Franklin
May13

Status Update: Hyatt Place on Franklin

One of The Loop’s new hotels is about to round the corner from hole in the ground to recognizable shape. Loop Spy Marilyn sent in these photo of construction at the Hyatt Place at 28 North Franklin Street will transform a surface parking lot into a 18-story hotel with 206 rooms positioned between Chicago’s two financial hubs: LaSalle Street and Wacker Drive. Downtown Chicago has been a hotel magnet recently, with nearly a...

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Status Update: Raising Franklin
Apr20

Status Update: Raising Franklin

Riding past North Franklin Street on Good Friday I saw great big red crane pieces being assembled for the new hotel going up at number 28.  Alas, the CTA’s #20 bus is a relentless beast and I wasn’t able to get a picture of the activity. Fortunately, Loop Spy Ryan saw it too, and sent in this photo of the assembled crane rising from the middle of the block. When completed, the hotel will be 18 stories tall and bear the...

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Status Update: 28 North Franklin
Feb23

Status Update: 28 North Franklin

No one moves to The Loop for the peace and quiet. Take it from someone who lived on the corner of Lake and Wells for a year, just above the screeches, roars, and whistles of the Tower 18 L crossing. But the big noise last week was jackhammers getting to work on 28 North Franklin Street, what is expected to grow into an 18-story Hyatt Place hotel.  At least we thought it was going to be 18 stories.  But the construction permit issued...

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Loop In Line For Yet Another New Hotel
Jan08

Loop In Line For Yet Another New Hotel

Another downtown Chicago surface parking lot is biting the dust.  Crain’s Chicago Business reports that OTO Development plans to build an 18-story Hyatt Place on the lot at 28 North Franklin Street. This is the latest in a series of hotel openings and proposals in the last few years in the heart of Chicago’s financial district. Two blocks away from this proposed Hyatt Place, a Marriott Place is planned for 39 South LaSalle...

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Chicago’s War on Pillow Mints Has a New Target
Dec20

Chicago’s War on Pillow Mints Has a New Target

If you work in the hotel industry, you can be forgiven for thinking that 42nd Ward Alderman Brendan Reilly hates pillow mints and impossibly small bars of soap.  For the second time in a week, he’s put pen to paper in an attempt to kill or curtail a new hotel project in Chicago. The latest victim is the curious proposal at 403 North Wabash Avenue.  You may remember it as the weird idea to plop an 18-story Hyatt House on top of...

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Status Update: The Clark and Grand Hotels
Aug22

Status Update: The Clark and Grand Hotels

Things are really moving along at Clark and Grand where three hotels are going up simultaneously.  We had extensive coverage of this proposal back when it was just an idea on paper in 2009.  Now it looks like the project could be substantially complete in the next six months. The portion of the project you see in the picture above is going to be a 272-room Aloft Hotel.  The other two buildings will be a 177-room Fairfield Inn, and a...

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