As workers set up stages for Pitchfork Music Festival in Union Park, a historic building located just across the street from the park is set to get new life. Yesterday, the city approved the sale of the Viceroy Hotel (originally the Union Park Hotel), a six-story building that's on the National Register of Historic Places and is a designated Chicago Landmark, to a development group composed of Heartland Housing and First Baptist Congregational Church for $1 (plus a $3.88-million TIF subsidy). According to the Sun-Times, the former hotel will be converted to 89 affordable housing studios. The development will also include a coffee shop and community garden. Work on the building is set to begin this fall, and Heartland tells the Sun-Times that it should be completed in 14 months.
· Old transient hotel due for an upgrade [Sun-Times]