If you think Chicago's recent hotel and development boom might have reached its peak, don't tell that to developer Joseph Mizrachi, who is planning a pretty spectacular high-rise project in the West Loop that will stretch 41 stories high and house both a hotel and 600,000 square feet of office space. The tower, which is being designed by Goettsch Partners and will replace a parking lot at 590 W. Madison, has a pretty sleek design that somewhat coincides with other new hotel developments around Chicago, most notably the Loews Hotel over in Chicago's Streeterville neighborhood.
If approved, Crain's Chicago Business reports construction for the new hotel-office tower could be completed in less two years, which seems to be a pretty lofty goal given its size. According to that same report, the new four-star hotel will include 350 rooms, but given its early planning stages, other details have yet to be released.
Earlier this year, the fabulous new Soho House Hotel in the West Loop made its debut, while a number of other boutique hotels have either been approved or are still being planned over towards Fulton Market, near the new office development that Google's Chicago offices will soon call home.