The Real Deal Chicago

Chicago Cheat Sheet: Hoxton Hotel to open in Shapack Fulton Market building … & more

Also, Inland looking to liquidate retail REIT on a stock exchange in the next couple years
By John O’Brien | February 20, 2019 05:00PM

A Hoxton Hotel room (Credit: Hoxton)

Fulton Market getting another hotel

The Hoxton Hotel is set to open in Fulton Market in April. The 182-key boutique hotel will occupy a building at 200 North Green Street developed by Shapack Partners. It will include three restaurants, including Cabra, chef Stephanie Izard’s Peruvian rooftop restaurant and bar, and Circa, a Mediterranean restaurant from chef Chris Pandel. The building also will include a two-floor co-working space and retail. [Block Club]

Inland looking to liquidate $1.4B retail REIT in coming years

Inland Real Estate Income Trust is considering listing on a stock exchange in the next two or three years. Oak Brook-based Inland Real Estate formed the REIT, which now has a $1.4 billion retail portfolio, and is looking to cash out. The company plans to move all of its portfolio into grocery-anchored properties, betting they’ll trade for a higher price. [Crain’s]

Restoration Hardware Outlet moving into vacant Schaumburg big box

A former Carson’s store in the Streets of Woodfield shopping center in Schaumburg is now home to a Restoration Hardware Outlet. The home furnishings company is taking over the 140,000-square-foot former department store along Illinois 53. [Daily Herald]

Law firm signs lease for 42K sf in Willis Tower

Chicago-based Tressler law firm signed a lease with EQ office to move into a higher floor in the Willis Tower. The deal for 42,000 square feet will see the firm move from the 22nd floor to the new space on the 61st floor. Tressler has been in the building since 1993. [Bisnow]

Judge allows suit objecting to Obama library to continue

An environmental group’s lawsuit objecting to the construction of the Obama Presidential Center in Jackson Park is moving forward. U.S. Judge John Robert Blakey ruled the group, Protect Our Parks, had enough legal ground for its suit to continue. The decision could delay construction for months and possibly jeopardize the proposed $500 million sprawling campus on the lakefront. The opponents object to using park land for the center. [Chicago Tribune]