Speculation about new owner of Loop Randolph St. site
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Could a hotel be in the works for this Loop site?
Quadrum is a partner in three local projects with Chicago-based Oxford Capital Group: the 221-room Godfrey Hotel in River North, which opened in 2014; the 254-room Essex Inn across from Grant Park, and a 204-room boutique hotel expected to open in 2018 in a converted office building near Millennium Park.
The firm also recently launched a new chain, Arlo Hotels, which opened its first property a few months ago in New York. Quadrum isn't saying yet what it plans for the Randolph Street property. Company representatives did not respond to requests for comment.
Good: overall 10 less parking spaces than the last version (and many more less than originally planned), no more balconies
Bad: removal of hotel space on 2nd floor and shifting underground parking spaces here instead, slightly less retail, nothing to screen the mechanical penthouse on top anymore
Renelle. This is a phenomenal location. Bravo to the developers for envisioning something for this slice of land. It's just too bad they're not going for more height. Any permits issued on this one?
christ who still wants to go all the fuck way out there to work.
I have to travel from the north side to Rosemont every day for work. Like millions of other people who have to travel from the City to the burbs, and vice versa. That's how a large metropolitan area works, if you haven't yet grasped the concept.
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