This follows plans for US Mandarin brand luxury hotels andresidences scheduled to open in Boston, Las Vegas and Dallasbetween 2008 and 2009. Other under development include Mexico andBarcelona in 2007, Grand Cayman in 2008 and Macau in 2009.

The Chicago property will be located at an existing parking lotin the East Lakeshore neighborhood adjacent to Millennium Park.There will be separate entrances at 210 N. Stetson and 230 N.Stetson for the hotel and residential components, respectively. APalladian spokeswoman tells GlobeSt.com the estimated developmentcost of the project ranges between $400 million and $500million.

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