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The former BMO Harris Bank headquarters in Chicago's Loop will become the Monroe Hotel and Club Residences following a $300-million renovation

Former BMO Harris Headquarters to See New Life as Hotel/Apartments

Prime/Capri Interests LLC, a joint venture of The Prime Group and Capri Investment Group, is bringing The Monroe Hotel and Club Residences to the Chicago Loop. Stantec is providing architecture and interior design services for the project, which will revitalize 740,000 square feet of space in the former BMO Harris Bank headquarters, a 24-story landmark located in the LaSalle Street Historic District.

The approximately $300-million project will include 345 apartments on its upper floors, of which 105 apartments will be set aside as affordable for tenants with income at an average of 60% of the area median. An approximately 300-key hotel will be located on the ground through 11th floors and feature a rooftop bar and swimming pool and a fine dining restaurant in the hotel lobby. Hotel guests will enter through the historic lobby, with the residential entry located adjacent to the hotel entrance.

“The Monroe Hotel and Club Residences will bring new life to a storied landmark, and Stantec is delighted to be part of this transformative project,” said Jesper Dalskov, residential market leader at Stantec. 

 Meet industry experts at the upcoming Connect Midwest: Multifamily and Adaptive Reuse Trends, which takes place June 13, 2023 at the W Chicago City Center Hotel. Click here for more information and to register. 


Inside The Story

Stantec's Dalskov

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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