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Old February 20th, 2009, 12:41 AM   #41
spyguy
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http://www.chicagorealestatedaily.co...ws.pl?id=33060

Plans scrapped for Marriott Edition on Mag Mile
By Alby Gallun, Feb. 19, 2009


Marriott International Inc. and a Chicago developer have dropped their plans to bring Marriott’s “Edition” high-end boutique hotel brand to the Magnificent Mile.

Washington, D.C.-based Marriott and Chicago-based Monaco Development LLC say they have terminated their management agreement for the 330-room hotel in a high-rise planned at 150 E. Ontario St. Marriott and renowned hotel designer Ian Schrager launched the Edition brand in early 2008, with plans to open as many as 100 hotels around the world.
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Old December 5th, 2013, 02:30 AM   #42
desertpunk
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Something's up:


Is The 50 Story Hotel At 150 E. Ontario Still On?

The evidence is mounting...

Quote:
We dug through the city records and found that demolition permits were issued for these buildings September 13th, and the owner of the property is still listed as Ontario Hotel Development, LLC out in Oak Park.

So what’s Ontario Hotel Development up to? Could it, possibly, be developing a hotel on Ontario?

Maybe. But if it is, it still has a lot of paperwork to go through. Currently, the property is zoned DX-12, which means that a building in that location would likely be between 12 and 30 stories tall, not the 50 planned by the previous developer, Monaco Development.



Monaco had visions of a 50-story building with 330 hotel rooms and 20 condominiums. A Crain’s Chicago Business article from January, 2008 is the last anyone’s heard out of the project. In that article, Monaco claimed that the city had already signed off on the tower. But if that was still true, the property would have a PD designation, not a DX.

It appears that Monaco is no longer involved with this project. So, who is? It appears to be a company called 150 East Ontario Acquisitions. It was formed in 2006 and appears to be a going concern, having filed paperwork with the Illinois Secretary of State’s office just this past September. But it’s run out of a condo on the 13th floor of 110 East Delaware Place. Similar records point to a bunch of real estate lawyers, but nothing concrete at this point.

Activity at the site:

http://blog.chicagoarchitecture.info...otel/img_3529/

http://blog.chicagoarchitecture.info...otel/img_8257/
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Last edited by desertpunk; December 5th, 2013 at 02:35 AM.
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Old December 6th, 2013, 10:33 PM   #43
Eric Offereins
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Back from the dead. This tower is massive.
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