Quote:
Originally Posted by Hayward
An article in crains discussing development in Wicker Park. I'm happy to hear plans stirring up again for conversion of the Coyote building into a hotel, something it should have been many years ago. If it ever does, I'll get a room just to get a view.
http://www.chicagorealestatedaily.co...of-development |
Here are some answers to the questions.
The original Northwest Tower Bldg hotel idea floundered because it was put together by a nitwit developer. The plan was pretty much a just a vague concept. To make thing worse, this developer had come to the conclusion that he never actually needed to sell the condos he built. He could just refinance them endlessly.
One month after he got a special use from the ZBA for the hotel, the foreclosures started to rain down.
The hotel is a swell idea but whoever does it better get on the stick. The special use expires in October.
The Noel State Bank project that pip remembered was from Walgreens.
They wanted it kept on the QT. The giant W sign was the only giveaway.
Their plan was to keep most of the historic interior.
Their plan also included enlarging the windows, (in their cold war with CVS, they were afraid of a bank window gap), landmarks put the kibosh on that.
They also said they planned to keep the other store on Milwaukee open.
As for the ATT store and Caribou coffee, who cares. That is just the sort of stuff you expect to see. They come and go.
Paul K. Dickman
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