Approved by the Chicago Plan Commission in May of 2016, the long-planned boutique hotel slated for 1401 E. 53rd Street in Hyde Park will reportedly soon begin construction. The information was revealed last night when a representative from Olympia Companies announced to 5th Ward residents that the project is expected commence work within “the next few weeks,” according to DNAinfo. Olympia will be co-developing the project with partner Smart Hotels.
Replacing a surface parking lot and an unremarkable two-story building, the new hotel will contain 100 guest rooms, a ground floor restaurant/lounge, and rooftop amenity area. As specified in the project’s Planned Development (PD) documentation, parking will be handled by a nearby 15-spot lot with a complimentary valet available to not only hotel guests but also nearby residents. So far, the name of the Olympia/Smart hotel and the tenant for the restaurant space have yet to be announced.
The seven-story, GREC-designed structure would join a number of recent projects lining Hyde Park’s bustling 53rd Street corridor. Other notable developments include the newly-opened and “Jenga-like” Vue53 apartments as well as a proposed 27-story residential tower designed by SCB planned for 1600 E. 53rd Street.
- New Hyde Park Hotel Breaking Ground This Month [DNAinfo]
- Redesigned South Loop Tower Among Projects Approved by Plan Commission [Curbed Chicago]
- Hyde Park archives [Curbed Chicago]