It was a make or break day for developer Jake Weiss – or North Capital Group, LLC - and the Purple Hotel during a village board meeting in Lincolnwood on Tuesday night.
Weiss was facing two possible outcomes: The Purple Hotel would either get a two month extension for sharing their development plans or trustees would choose to demolish the iconic eyesore at 4500 W. Touhy Ave.
Fortunately, for Weiss, the board voted 4-1 in his favor. Now, North Capital will have their development deadline pushed back to Feb. 28 from Dec. 31.
Village manager Timothy Wiberg said the board meeting was a “temperature taking test,” according Chicago Real Estate Daily.
Weiss has told Skokie Patch in the past that he wants to have retail, banquet space and restaurants, among other things with the redevelopment.