A little piece of Americana in River North will soon fall to the wrecking ball, as the developers who plan on building a 38 story at the site have recently purchased the property for $15.3 million. The plan to replace the HoJo first surfaced in April, but the rumor gained momentum when professional renderings from Chicago outfit bKL Architecture were revealed just six weeks later. Developers Magellan Development Group and Mac Management applied for a zoning permit at the site in April and in May formally introduced the proposal to the public via a meeting in coordination with Alderman Brendan Reilly's office. If you've got any departing remarks or last words for the city's old Howard Johnson Inn, now's the time to say them. More than ever, it looks like a shiny new 298 unit tower will be taking its place.
·Developers pay $15.3 million for River North HoJo's [Crain's]
·Tower Replacing Old Howard Johnson Inn Gets Public Debut [Curbed Chicago]
·First Look: The Apartment Tower Replacing Howard Johnson's [Curbed Chicago]