CHICAGO-A venture headed by Frankfort-based Crown Commercial Real Estate & Development Inc. has bought an old office property on North Michigan Avenue near Millennium Park with plans to convert it into a hotel. The venture paid $7.25 million to a Kimco Realty Corp. affiliate for the 76,000-square-foot building at 168 N. Michigan Ave.
Musa Tadros, president of Crown Commercial, plans to convert the 12-story tower into a 100- to 125-room hotel. For the full story, go to Crain's Chicago Business .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
