Serving the Loop and Near North neighborhoods of downtown Chicago
Rush Street hotel proposal does not get past Reilly

White Lodging

(Above) Rendering of a hotel project proposed for 740 North Rush Street in River North.

June 28, 2014 – A proposed hotel development for North Rush Street will not get support from 42nd Ward Alderman Brendan Reilly.

On a site that once housed a Giordano’s restaurant, a venture that included Albert Friedman, CEO and president of Friedman Properties Ltd., wants to build a 45-story, 620-room hotel. Reilly and River North Residents Association hosted a preview of the project at a community meeting on April 7, after which the alderman says he received “a tremendous amount” of feedback.

“The resounding overall sentiment was serious concern regarding the overall density of the proposal and the major traffic impacts and loading challenges associated with it,” wrote Reilly in his newsletter to constituents on Friday.

After meeting with developers and reviewing the proposal for the past two months, Reilly concluded the project “is simply far too ambitious for this location already surrounded by failing intersections…and high-density buildings.”

The alderman left the door open for the Friedman team to try again, saying he has encouraged them to “carefully consider the limitations posed by the infrastructure around their site and existing traffic conditions as they contemplate future development concepts.”

Mortgage rates hit 7.28%, tightening squeeze on North Side buyers
Mortgage rates hit 7.28%, tightening squeeze on North Side buyers
Former Royal Sonesta quietly rebrands as Hotel 505 following sale to Canadian developer
Former Royal Sonesta quietly rebrands as Hotel 505 following sale to Canadian developer
Goodbye, 5% mortgages: Rate creep and inventory slump pinch Chicago buyers
Goodbye, 5% mortgages: Rate creep and inventory slump pinch Chicago buyers
Crossing the river: A Chicago fan’s game-day guide to the Chiefs’ new home in KCK
Crossing the river: A Chicago fan’s game-day guide to the Chiefs’ new home in KCK
Cook County homeowners bear brunt of $744M tax hike as commercial values lag
Cook County homeowners bear brunt of $744M tax hike as commercial values lag
Why Cook County’s senior property tax freeze should be automatic—and permanent
Why Cook County’s senior property tax freeze should be automatic—and permanent
Mayor’s ‘PRO’ renter ordinance could backfire with higher rents, landlords warn
Mayor’s ‘PRO’ renter ordinance could backfire with higher rents, landlords warn
Data center redevelopment at 300 West Adams approved
Data center redevelopment at 300 West Adams approved
At CTA stop, Bailey pledges SAFE-T Act repeal and property tax cap
At CTA stop, Bailey pledges SAFE-T Act repeal and property tax cap
Court backs City Hall in Streeterville pot shop ruling
Court backs City Hall in Streeterville pot shop ruling
ChicagoFilming.com Chicago MLS Pro Aqua Condo Homes Marina City Condo Homes West Town Condos Chicago MLS Pro