360 North Michigan Avenue | Chicago, IL

252,000 sq. ft. office building planned for a 457-room hotel and 22,900 sq. ft. of retail

Investment Opportunity at Acquisition

  • Acquisition of an iconic, but obsolete, office building and vacant parking lot located in prime location in the Central Business District.
  • Convert existing office into hotel, construct additional rooms and meeting space on the adjoining parking lot to the west of the existing building, and lease-up the first two floors of the existing building as retail.
  • All-in basis of $300,000 per room, a 25-35% discount to replacement cost.


  • Major Repositioning, Change of Use