{"id":763832,"date":"2026-04-30T14:40:39","date_gmt":"2026-04-30T14:40:39","guid":{"rendered":"https:\/\/www.europesays.com\/us\/763832\/"},"modified":"2026-04-30T14:40:39","modified_gmt":"2026-04-30T14:40:39","slug":"streeterville-hotel-to-undergo-residential-conversion","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/763832\/","title":{"rendered":"Streeterville Hotel To Undergo Residential Conversion"},"content":{"rendered":"<p>Plans have been revealed for the residential conversion of the existing hotel building at 201 East Walton Place in <a href=\"https:\/\/chicagoyimby.com\/category\/streeterville\" target=\"_blank\" rel=\"nofollow noopener\">Streeterville<\/a>. Sitting on the corner with North Mies Van Der Rohe Way, the property currently operates as Sonesta Extended Stay Suites and would close ahead of the conversion. Efforts for this are being led by Churchwick Partners.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/04\/201-East-Walton-Place-03-1024x514.jpg\" alt=\"\" width=\"1024\" height=\"514\" class=\"size-large wp-image-90170\"  \/><\/p>\n<p class=\"wp-caption-text\">Rendering of 201 E Walton Pl by bKL Architecture<\/p>\n<p>Late last year, the New York\u2013based developer purchased the property for around $3 million, having secured a $68 million loan soon after for the upcoming work. Since then, they have brought on local design firm bKL Architecture to work on the updated interiors and layouts. The 18-story structure dates back to the 1950s and has long served as a hotel.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/04\/201-East-Walton-Place-01-1024x524.jpg\" alt=\"\" width=\"1024\" height=\"524\" class=\"size-large wp-image-90172\"  \/><\/p>\n<p class=\"wp-caption-text\">Rendering of 201 E Walton Pl by bKL Architecture<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/04\/201-East-Walton-Place-02-1024x504.jpg\" alt=\"\" width=\"1024\" height=\"504\" class=\"size-large wp-image-90171\"  \/><\/p>\n<p class=\"wp-caption-text\">Rendering of 201 E Walton Pl by bKL Architecture<\/p>\n<p>Plans call for a phased approach to convert the existing 221 hotel rooms into 221 apartments. These would be made up of 110 studios, 80 one-bedroom, and 31 two-bedroom layouts; the conversion would be facilitated due to the nature of extended-stay hotels having larger multi-room accommodations already built.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/04\/201-East-Walton-Place-05-1024x597.jpg\" alt=\"\" width=\"1024\" height=\"597\" class=\"size-large wp-image-90168\"  \/><\/p>\n<p class=\"wp-caption-text\">Ground floor plan of 201 E Walton Pl by bKL Architecture<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/04\/201-East-Walton-Place-07-1024x411.jpg\" alt=\"\" width=\"1024\" height=\"411\" class=\"size-large wp-image-90166\"  \/><\/p>\n<p class=\"wp-caption-text\">Renderings of 201 E Walton Pl by bKL Architecture<\/p>\n<p>Residents would have access to a 72-vehicle parking garage that is to remain, along with a lounge, fitness room, coworking space, dog run, and small outdoor terraces. The team will now need to receive zoning approval, which they plan to do by the fall, with the hotel closing in December. Construction would take up to eight months for a mid-2027 opening.<\/p>\n<p> <a href=\"http:\/\/eepurl.com\/g_VSUf\" rel=\"nofollow noopener\" target=\"_blank\"><strong>Subscribe<\/strong><\/a> to YIMBY\u2019s daily e-mail<\/p>\n<p><a href=\"https:\/\/google.com\/preferences\/source?q=https%3A%2F%2Fchicagoyimby.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/04\/google_preferred_source_badge.png\" width=\"245\" height=\"40\" alt=\"Make YIMBY preferred on Google\"\/><\/a><\/p>\n<p><a href=\"https:\/\/instagram.com\/yimbygram\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><strong>Follow<\/strong><\/a> YIMBYgram for real-time photo updates<br \/><a href=\"https:\/\/www.facebook.com\/YIMBYFB\" rel=\"nofollow noopener\" target=\"_blank\"><strong>Like<\/strong><\/a>\u00a0YIMBY on Facebook<br \/><a href=\"https:\/\/twitter.com\/yimbytweets\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><strong>Follow<\/strong><\/a> YIMBY\u2019s Twitter for the latest in YIMBYnews<\/p>\n<p><a href=\"https:\/\/chicagoyimby.com\/category\/201-east-walton-place\" rel=\"category tag nofollow noopener\" target=\"_blank\">201 East Walton Place<\/a> <a href=\"https:\/\/chicagoyimby.com\/category\/building\/residential\" rel=\"category tag nofollow noopener\" target=\"_blank\">Residential<\/a> <a href=\"https:\/\/chicagoyimby.com\/category\/streeterville\" rel=\"category tag nofollow noopener\" target=\"_blank\">Streeterville<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Plans have been revealed for the residential conversion of the existing hotel building at 201 East Walton Place&hellip;\n","protected":false},"author":3,"featured_media":763833,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5124],"tags":[960,5386,1818],"class_list":{"0":"post-763832","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chicago","8":"tag-chicago","9":"tag-il","10":"tag-illinois"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116494180965759943","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/763832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=763832"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/763832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/763833"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=763832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=763832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=763832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}