Loyola University is exploring the financial feasibility of leasing a campus-adjacent parcel to a hotel developer. The site is the end piece of of block-long strip of vacant land running Albion Ave from the Red Line tracks to Sheridan Road. A 29-unit low-rise rental development is under construction on the remaining portion, also spearheaded by Loyola. No developer has been named for the prospective hotel, which has been tentatively rendered as a six-story building with ground-floor retail and a rooftop lounge by Booth Hansen. The Albion Shore Hotel and a series of smaller buildings once stood on this site, but there's been no structure of any sort for several years. Wayne Magdziarz, the university's vice president of capital planning, told DNAinfo that Loyola wanted more quality lodging options for visitors to its lakeside campus. He added it might be a couple months before there's new information. Tip-'o-the-hat to Spyguy at Skyscraper Page.
·A Loyola Hotel? University Eyes Empty Lot on Albion Avenue [DNAinfo]
·Loyola to Spring Faceless Housing on its Neighbors [Curbed Chicago]
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