Team Chosen for $104M Renovation of Historic Hotel in Chicago's Pullman Neighborhood
Summary
A team has been selected for a $104 million renovation of the historic Hotel Florence in Chicago's Pullman neighborhood, transforming it into a boutique hotel and cultural hub.
Why It Matters
This renovation project not only aims to preserve a significant historical site but also seeks to stimulate economic growth in the Pullman neighborhood, which is undergoing revitalization. The partnership between public and private sectors highlights innovative approaches to urban development and historic preservation.
Key Takeaways
- The Hotel Florence renovation is a $104 million project aimed at revitalizing a historic landmark.
- The project involves a public-private partnership, with significant investment from both private and state sources.
- Challenges in the renovation include accessibility and preserving historic elements, which will be addressed through collaborative design workshops.
NewsProjectsBusinessMidwest Construction News Historic Preservation Team Chosen for $104M Renovation of Historic Hotel in Chicago's Pullman Neighborhood The Hotel Florence is significant for its role in labor and urban planning history. By Annemarie Mannion Photo by Eric Allix Rogers A public-private partnership is expected to invest over $100 million to transform the Hotel Florence, in Chicago's Pullman neighborhood, into a boutique hotel and other uses designed to attract visitors to the historic area. February 25, 2026 A team has been selected for a $104-million project to renovate the historic 1881-era Hotel Florence on Chicago’s Southside, along with its annex, portions of the Pullman Car Works building and surrounding grounds. The project is planned to convert the long-vacant landmark, described by Preservation Chicago as a "red brick collossus," into a boutique hotel, dining destination and cultural and performing arts hub. The team includes contractor Skender Construction, architect Farr Associates, historic preservation consulting firm Ramsey Historic Consultants, landscape architect Site Design Group, civil engineer TERRA Engineering and Wiss, Janey, Elster Associates, which will handle engineering and building envelope. Private investment led by Chicago-based developer Celadon Construction Corp. is providing $83.6 million in initial investment and the state, which owns the property, is kicking in $21 million. Additional private capital commitments are expected...
