Nearly three years after construction abruptly stopped on what was to be a 16-story, Valerio Dewalt Train-designed Staybridge Suites hotel, billowy white tarps still flap in the wind at the corner of LaSalle and Huron. Interest in completing the building is heating up, though. According to Crain's, two investors are looking to gain control of the foreclosed building. And as those two wrangle over the project, it isn't too soon to speculate on what hotel chain might occupy the building once it's finished. Duke Miglin, one of the building's original developers, who still wants a stake in it, tells Crain's that Virgin Hotels has expressed interest in the project (Virgin declined to comment, though). The news comes two weeks after Virgin Air's triumphant landing at O'Hare, and just a few months after it was revealed that Virgin had looked into opening a hotel in the 17-story Motor Club building in the Loop. Whatever happens, it'd be nice to see the Staybridge building finished at last.
· New investor moves in on failed River North hotel [Crain's]
· Virgin to Open Chicago Hotel? [Curbed Chicago]