The Rebirth of 111 West Monroe: A New Chapter for Chicago’s Historic LaSalle Street Corridor
The Rebirth of 111 West Monroe: A New Chapter for Chicago’s Historic LaSalle Street Corridor
In September 2022, the ambition to revitalize the historic LaSalle Street Corridor in Chicago was announced. Plagued with vacancies, the corridor is filled with empty historic office buildings that no longer meet the current market demands of new office tenants. A joint venture between Prime/Capri Interests LLC. The Prime Group, Inc. and Capri Investment Group rose to the occasion and proposed a conversion of 111 West Monroe to a mix-use building that will house 349 apartments and 226 hotel rooms.
To allow natural light to reach the new apartments and hotel rooms, the plan includes carving out a 60-foot by 70-foot atrium inside the building, avoiding any alterations to the street-facing facades.
On the ground floor, hotel guests will enter through the historic lobby off W. Monroe St., with the residential entry located adjacent to the hotel entrance. A new fine dining restaurant is planned for the lobby, and parking spaces will be built underground.
Two floors will be turned into a world-class spa and fitness center, and on the rooftop, the original Monroe Club will be reopened as an amenity for residents and hotel guests.
Combining a modern, international theme against a neo-classic setting will create an eclectic expression, continuing the contribution to the LaSalle Street Historic District and achieving the landmark status of an Orange Designated Building.
Consisting of three towers, the proposal will rehab two of them, with the third tower at 115 S. LaSalle set to hold state workers moved from the Thompson Center, another development by Prime/Capri Interests, LLC.
The project will create 400+ construction jobs, providing employment opportunities for all Chicagoans and committing to a minimum of 26% MBE and 6% WBE hiring. Additionally, over 200 permanent jobs will be created in hotel, food and beverage, and apartment operations.
Thank you for the opportunity to work on such an exciting project, and congratulations to all involved!
