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Five-story vertical expansion of the Loop's Atlantic Bank Building set to begin

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The vinage 12-story high-rise will reopen considerably taller as the Millenium Mile’s newest hotel

A five-level vertical expansion of the 12-story Atlantic Bank Building at 168 N. Michigan is set to get underway as part of its long-planned conversion into a 210-key downtown hotel. Thanks to a recently issued building permit, developer Oxford Capital is now free to demolish the 1916 building’s existing crown and clear the way for the glassy, modern addition designed by local architecture firm Hirsch Associates.

Though a previous effort to convert 168 N. Michigan from office to a Hotel Indigo stalled midstream and left much of the vintage building’s terra cotta facade pockmarked, Oxford assumed control of the project in late 2015 and restarted exterior restoration work in May. Plans for the yet-to-be-named hotel proposal were re-approved by the Chicago Plan Commission in July. The project will contain new ground floor retail and a rooftop terrace.