While uncertainty continues to govern the parcels previously controlled by embattled developer Pam Gleichman, land just across Cermak on the western edge of McCormick Place is the confirmed target of a 1,200-room hotel. The Tribune reports that the Metropolitan Pier and Exposition Authority (McPier) joined Mayor Rahm Emanuel this morning in announcing its intent to acquire land at Indiana and Cermak for the $400M project. Inklings of such a development have long been in the air, but the site and scale couldn't be pinned down until now. As this plan progresses, so does the major expansion of McPier's Hyatt Regency on MLK Drive. This could be very good for Motor Row's redevelopment, but with Orlando and Vegas as benchmarks for booming convention districts it would serve us well to be wary of monolithic development.
·Second major hotel planned for McCormick Place area [Trib]
·Hyatt Regency McCormick Place Launches Phase I Construction [Curbed Chicago]