Since this is all just speculation, it might not even be a Mondrian that goes in the building. It could be any of these six hotel brands we talked about this morning. But if it does end up being a Mondrian (or a Delano for that matter), we wonder what Ian Schrager who owns the Public Hotel, would think of his old company coming into his turf.
Will Chicago Get Yet Another Hip Boutique Hotel Brand?
The site of a Mondrian...maybe
The hotel hype actually comes from a Crain's real estate article on the neighborhood saying that Mark Hunt and his M Development company might try again to turn the Cedar Hotel, a defunct hotel, into a Mondrian. M Development enlisted architectural firm Solomon Cordwell Buenz to draw up some renderings back several years ago for the possible Mondrian but the dreams of acquiring and adding several floors to the building were effectively killed by the economic crisis of 2008.
Now that those dark days are behind the hospitality industry, especially in Chicago where the boutique scene is burgeoning, the plans to rework the property into something hip and cool have returned.