The red-hot West Loop/Fulton Market District's hospitality scene is showing no signs of slowing down as Shapack Development is set to unveil a Morris Adjmi-designed 11-story hotel proposal at the northwest corner of Lake and Green Street. Fresh off the success of their acclaimed 40-room Soho House, the Chicago-based developer is upping the ante with a 165- to 171-room project just one block south at 832-850 W. Lake, a site currently occupied by a low-rise meat packing business and parking lot. According to a conversation with Crain's, developer Jeff Shapack confirmed the new development will include ground floor retail and dining, parking on the second floor, office space on the third and fourth floors, and hotel rooms up to the building's 11th level rooftop deck. The hotel operator has not been announced, but with both the nearby Ace and Nobu hotels also in the pipeline to meet the area's surging demand for hip lodging, a boutique brand would be a good guess for Lake and Green as well.
The parcel is currently zoned C1-1 neighborhood commercial district and will require a zoning adjustment in the form of a Planned Development (PD) to move forward as proposed. The site must also conform with the Fulton Market Innovation District development guidelines that were adopted in July 2014 with the goal of striking a balance between the area's long-time role as a commercial food distributor and the neighborhood's recent emergence as a technology hub with the arrival of Google and other innovative job creators. The site falls just outside the Fulton Market Landmark District. The hotel plan is set to receive its public unveiling at community meeting hosted by 27th Ward Alderman Walter Burnett, Jr. and West Loop Neighborhood Association on Wednesday, January 27th at 6:00 PM at WeWork Fulton Market, 220 N. Green -- also developed by Shapack and company.
·Soho House developer Shapack plans new hotel a block away [Crain's]
·West Loop Archives [Curbed Chicago]