View of Burnham Center via Golub & Company
Initial details have been revealed for the potential hotel conversion of the Burnham Center at 111 West Washington Street in The Loop. Located on the corner of West Washington Street and across from Daley Plaza, the historic landmark dates back to 1913 and currently serves as an office building with a 23 percent occupancy rate.
Site context map of Burnham Center via Google Maps
Originally named the Conway Building, it was the final design of famed architect Daniel Burnham before his death. The name itself came from the hometown of Marshall Field, whose estate funded its construction at his request to invest $83 million in Chicago real estate. These investments also included The Pittsfield and the Field Building, both of which are undergoing their own conversions.
View of Burnham Center via Golub & Company
The Beaux-Arts structure rises 12 stories and features a large central atrium designed for ventilation and natural light. This will be beneficial for the conversion, which is being led by developers Igor Gabal and Mike Reschke, who have worked on various other projects across downtown, including the Thompson Center. The pair purchased the building for $5 million last year.
View of Burnham Center via Golub & Company
Plans call for a partial conversion of the structure’s 585,000 square feet into 250 to 300 hotel rooms, along with a new column-free ballroom within the atrium. While few additional details have been released, the project will join several other nearby hotel proposals. Funding is expected to follow a similar model to other LaSalle Street Reimagined projects.
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111 West Washington Street Mixed-Use The Loop
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