Chicago Approves 26-Story Hotel Near Obama Presidential Center, Despite Local Concerns
Chicago, IL – A 26-story hotel development near the Obama Presidential Center in Chicago’s Woodlawn neighborhood received preliminary approval from the Chicago Plan Commission Thursday, sparking debate amongst residents. The project, spearheaded by Aquinnah Investment Trust and led by Allison Davis, aims to bring a 250-room hotel, alongside retail and office space, to 6402-6420 S. Stony Island ave.
The development will also feature amenities including a pool, outdoor terraces, and a conference center. Aquinnah currently owns three parcels of land at the proposed site, with the city set to sell the remaining two plots at fair market value. City officials claim the sale will facilitate a “superior project” and enhance green space in the area.
The hotel will be built adjacent to Island terrace Apartments,an existing affordable housing complex. While proponents highlight the potential economic benefits and improved public space, some local residents have voiced concerns regarding increased traffic, potential displacement, and the overall impact on the neighborhood’s character.
“We are committed to working with the community to address their concerns and ensure this project benefits everyone,” stated a representative from the Department of Planning and Development.
The project now moves to the next stage of the approval process, requiring further review and potential revisions before final approval is granted. The development represents a notable investment in the Woodlawn neighborhood and is expected to draw considerable attention as the Obama Presidential Center nears completion.
Key Takeaways:
New Development: A 26-story hotel is planned near the Obama Presidential Center in Chicago.
Developer: Aquinnah Investment Trust, led by Allison Davis, is behind the project.
Community Concerns: Residents have expressed worries about traffic, displacement, and neighborhood impact.
City Involvement: Chicago is selling land to Aquinnah to facilitate the development.
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