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Related Midwest bringing Equinox-branded apartment, hotel tower to West Loop
The 52-story condo and hotel tower would be the tallest building west of the Kennedy Expressway.
UPDATE, July 20, 11:15 a.m.: Related Midwest secured initial city approval for its fitness club-branded hotel and apartment complex in the West Loop.
The developer plans a 52-floor, 165-room hotel with a 30,000 square-foot Equinox club at 725 West Randolph Street. The tower would include 370 apartments, 5,000 square feet for a restaurant and a fifth-story amenity level and deck.
The hotel will be branded by Equinox, the upscale fitness chain owned by Related Midwest’s parent company, Related Companies. The company has pledged to build as many as 75 Equinox-branded hotels in the coming years.
The 615-foot tower would be the city’s tallest building west of the Kennedy Expressway. The oblique angle and set-back features of the Tower at Randolph and Halsted streets will help it act as a gateway to the West Loop, supporters of the project have said.
The $350 million project also would include upgrades to the streetscape. Work could begin early next year.
The project, which still need approval from the full City Council, continues Related Midwest’s push into the West Loop. The company has plans for a condo tower at 170 North Peoria Street and has agreed to reduce its height from 51 to 36 floors to accommodate neighbors’ demands. Related also delivered a 300-unit luxury apartment tower at 1035 West Van Buren Street last year.
Outside of the West Loop, the firm is behind two major development plans: The 78 neighborhood proposed along the South Branch of the Chicago River and the two-tower proposal at the former Chicago Spire site. It is also leading the redevelopment of the former Lathrop Homes on the North Branch of the river.
This story has been updated to correct the cost of the project, the number of total apartments it will include and to clarify Related’s project at 1035 West Van Buren is rentals.