The Adler & Sullivan designed Jewelers Building, located at 19 S. Wabash will be converted to boutique hotel. The Jewelers Building was built in 1882 and became and Designated Chicago landmark in December 1981. This is one of only a few surviving Adler & Sullivan buildings in Chicago and is an outstanding example of a commercial commission from their early period.
“The architecture is just incredible. There’s nothing designed like it anymore. You’re not just seeing one of those huge skyscrapers going up; we’re restoring a historic building.” Said Daniel Knorps, broker for the developer (Olumhense, Chicago Tribune, 4/19/18)
The 39-key adaptive reuse boutique hotel project is a joint venture of Peerless Development and Honoree Properties. Space Architects have been selected for the project. The development cost is estimated at $15 million with hotel opening anticipated in 2020.
Historic Jewelers Building sold for more than $7 million, will be redeveloped as hotel, Ese Olumhense, Chicago Tribune, April 19, 2018