The decaying Congress Theater on Milwaukee Avenue in Logan Square is nearly ready for its much needed makeover. For the last year, the theater has been caught up in a legal battle between developer Michael Moyer and event promoters who claimed to have the right of first refusal to purchase the property after its previous owner Eddie Carranza finally gave up his fight with the city and Alderman Proco "Joe" Moreno and decided to sell the historic building. However WBEZ reports that Moyer is set to close on the Congress Theater sometime in the next 60 to 90 days.
In a press release, Alderman Moreno revealed that the redevelopment of the theater will also include a small inn and affordable housing units. According to previous estimates, repairs to the Congress Theater could cost up to $20 million and take years to restore. Moyer, who previously redeveloped the downtown Cadillac Palace, will work with Woodhouse Tinucci Architects and W.E. O'Neil Construction on the Congress Theater project. To kick off the beginning of the Congress' new life, Alderman Moreno and New Congress, LLC will hold an open house at the theater on January 24 from 1-4pm.
·Legal hurdles cleared for Congress Theater redevelopment [WBEZ]
·Is The Congress Theater (Finally) Changing Hands? [Curbed Chicago]