Purple Hotel Preps for Renovation, Retail
A strong prospective buyer is looking to renovate the Purple Hotel. The developer envisions a hotel that also has a retail space.
The chances of a wrecking ball bringing an end to Lincolnwood’s Purple Hotel are growing slimmer, but the future of the infamous property remains unclear, even if it’s renovated. At Tuesday’s Lincolnwood board meeting, trustees moved unanimously to once again push back demolition of the famed property, as an agreement with a Skokie developer seems close. However, there are no guarantees that a proposed retail complex will be developed and if it is, it will be an expensive venture for the property owners. “It simply is delaying or postponing demolition, that is the essence of this agreement,” Lincolnwood village attorney Steven Elrod said Tuesday night. In March, the board voted to postpone demolition of the property, which has become …
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David Zornig
5:26 pm on Thursday, May 16, 2013
Well, apparently now it will be. Sad they never had the right people or money to renovate it. http://www.chicagorealestatedaily.com/article/20130516/CRED03/130519830/ more ›