Chicago Hotel Drops Condo Plan
From Chicago Real Estate Daily
Elysian will open as a hotel next month without condo-hotel structure
After months of negotiations with its lender, the developer of the Elysian Hotel & Private Residences has scrapped a plan to sell the project’s 188 hotel suites as condominiums, removing a cloud of uncertainty over the new $280-million Gold Coast high-rise. The decision to drop the condo-hotel structure sets up the luxury hotel at 11 E. Walton St. for an early December opening, about five months later than planned. Click here for the full story.
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