Real estate capital markets advisory firm Mission Capital Advisors, LLC obtained a $44M contruction loan on behalf of the joint local venture charged with developing the boutique hotel and social club Soho House Chicago. The building is already in the developers' hands. The loan was secured Wednesday, per a press release, and means that conversion of the former Chicago Belting Factory warehouse at 113-125 N. Green near Randolph can move steadfastly toward a Summer 2014 completion. On the menu for the 6-story hotel: 40 luxury rooms, spa, rooftop pool, gym, 40-seat screening room, three restaurants, and a glass-enclosed rooftop bar. This will be UK-based Soho House's third U.S. location. We'd say this is a transformative moment for the West Loop, but that'd be ignoring 25 years of transformative moments.
·Fulton Market the Likely Recipient of a Soho House Hotel [Curbed Chicago]
·Soho House Confirms 2014 Opening With 3 Restaurants [Eater Chicago]