Lynn Becker broke the news yesterday, per an email from John W. Rutledge, President and CEO of Oxford Capital Group, that Oxford has gained full title from the original Staybridge Suites developer, and is "in the midst of a formal remobilization". The stagnant Staybridge development at La Salle and Huron has become an almost accepted fact of the streetscape, a mummified monolith. The Valerio Dewalt Train-designed 16-story building has plenty of architectural merit beneath the sheets and has courted interest from Virgin Hotels and various investors. But this is the first truly promising news to come out in a while. According to Rutledge, the "upper upscale boutique/lifestyle hotel" is expected to be delivered sometime in 2013. Oxford is also a member of the development team in charge of The Langham Chicago, another boutique hotel being built into Mies van Der Rohe's IBM Building (330 N Wabash). That bodes well for the outcome of Staybridge, whether or not it finishes on schedule.
·Mummy no more? Valerio's Staybridge about to Escape its Wrappings [ArchitectureChicago PLUS]
·Complete Staybridge Suites Coverage [Curbed Chicago]