CHICAGO - DAC Developments is excited to announce their plans for a new 26-story Sonder hotel on 424 South Wabash Avenue. With the introduction of a 285-foot glassy tower in place of an outdated surface parking lot and single-story commercial building, life and energy will be injected into the South Loop neighborhood. The new tower will encourage tourism and create jobs for residents by creating a world-class hotel.
The current DX-16 Downtown Mixed-Use zoning allows for the project to proceed without needing a review from the city of Chicago. Therefore, construction bids are being accepted and design development is actively underway. This green light permits DAC Developments to move forward "as of right". The design of the building is sure to be a prominent feature in Chicago's skyline, thanks to the team's creative vision.
Upon completion, the noteworthy $100 million development will boast a modern lobby, 6,300 square feet of office space on the fifth floor, and 1,800 square feet of ground-level retail space with amenity areas and outdoor area terraces. Additionally, 63 parking spaces will be provided within the building.
The hotel's unique location near Grant Park makes it an ideal choice for business travelers and tourists alike. The downtown core is easily accessible by public transportation as well as popular tourist attractions such as Millennium Park, Navy Pier, and The Art Institute of Chicago.
DAC Developments is thrilled to be part of the revitalization of the South Loop and for the opportunity to create a modern hotel that will enhance Chicago's skyline. The development firm is no stranger to the hospitality industry and is looking forward to incorporating its signature design features in this latest project. Learn more about DAC's projects at Dacdevelopment.com.
For more information about DAC Developments and the Sonder hotel, please contact: