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Chicago’s old Olympia Building continues boutique hotel transformation

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The former SRO will reopen as the 60-room ‘Found Hotel’

Harry Carmichael
NORR

Underway since last fall, the adaptive reuse of Chicago’s old Olympia Building into a new boutique hospitality offer is starting to really come together. Located at 611 N. Wells, the four-story structure was previously home to single room occupancy (SRO) apartments. The restored building will eventually reopen as the ‘Found Hotel’ and feature 60 guest rooms, a ground floor cafe, and a basement speakeasy.

The River North project comes from LA-based Hawkins Way Capital with NORR Architects leading the design. The hotel conversion calls for structural reinforcements, accessibility enhancements, removal of the external fire escape, new windows, and a full restoration of the building’s old tin and cast iron exterior details.

The 25,000-square-foot Olympia Building is situated in the heart of River North’s high-rise construction boom. It is across the intersection from the soon-to-open rental tower at 640 N. Wells as well as Magellan’s upcoming Gallery on Wells.

Harry Carmichael
Harry Carmichael