The Peninsula Hotel at Rush and Superior may soon be standing face-to-face with a new 45 story hotel tower along with its little pizza restaurant sidekick. In January, a developer announced intentions to purchase a site at 740 North Rush Street to add more new hotel rooms to Chicago's hotel boom. Weeks later, the beans were spilled and sources reported that the developer wanted to build not one, but two hotels at the location. Now even more details have emerged about the project, and if the new tower goes up, it would become one of the biggest hotel projects near the Mag Mile in years.
Crain's is reporting that the developer has recently filed a plan to construct a 45 story tower at the site, which would require a zoning change. The tower would contain two hotels, a Hyatt House and Hyatt Place and would hold a total of 613 rooms. And don't worry deep dish fans, the proposal plans to incorporate the current four story building containing a Giordano's at the corner of Rush and Superior into the project. Chicago's hotel boom won't be stopped.
· Peninsula Chicago hotel to get 45-story neighbor [Crain's]
· Giordano's Building On Rush To Turn Into Two Hyatt Hotels [Curbed Chicago]
· Developer To Replace Giordano's Near Mag Mile With Hotel [Curbed Chicago]