How Now, Purple Hotel?

The latest twist in the Purple Hotel saga came this week when the Lincolnwood Village Board voted to delay the storied but decaying property’s demolition. The site of the hotel, whether the purple structure is there or not, will be auctioned next month along with two adjacent parcels, and Skokie developer Jake Weisshas told the village that he can redevelop the structure once he acquires all of the parcels at the sale (he already owns the note on the hotel site itself). If his plans fall through, however, the demolition could go forward. Built in 1960, the highly visible and highly purpleproperty had a number of incarnations as a hotel before closing for good in the mid-2000s. Since then, efforts to redevelop the site have been stymied by hard times. Jake tells us that he believes the Purple Hotel can be redeveloped into boutique hotel with restaurants and retail outlets, aspiring to be the sort of destination it was in its heyday in the early '60s. It's going to stay purple, of course.

Continue reading this story with a free account

Log in or register
Related Topics: Purple Hotel
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines