Chicago developers Oxford Capital Group LLC and Sterling Bay Cos. are taking opposite approaches to rising retail rents and property values on a rapidly evolving stretch of North Michigan Avenue.
The Mummy of a building on LaSalle has finally been unraveled and stands tall as a beautiful cityscape in the heart of Chicago.
John Rutledge of Oxford Capital Group opens The Godfrey and speaks about the calculated risks associated with opening a hotel.
The modern, cubist-influenced hotel makes its mark on Chicago’s rich architectural history in February 2014
As demand increases for hotel rooms in the U.S. amid growth in tourism in some cities, developers are turning to pre-existing buildings to cut construction time and save money.
Oxford Capital Group founder, president, and CEO John W. Rutledge has been skydiving in New Zealand, elephant trekking in Thailand, and scuba diving off the Great Barrier Reef. But one of his favorite climbs will always be a complex hotel deal.
No fewer than a dozen new hotels representing about 2,700 rooms in Chicago have recently opened or are under construction, and additional projects seem to be announced on a weekly basis.
Chicago-based Oxford Capital Group LLC teamed with Angelo, Gordon & Co. to buy the 21-story building. Formerly known as the London Accident & Guarantee Building, it opened in 1923 at Michigan and Wacker and is part of one of the city’s most impressive architectural corners.
Oxford Capital Group, LLC with Angelo, Gordon & Co. have acquired the landmark London Accident & Guarantee Building designed by famed architect Alfred S. Alschuler at 360 N. Michigan Avenue in Chicago along with an adjacent parcel of land at 77 East Wacker Drive. The plan is to convert the properties into a new lifestyle hotel above two stories of upscale retail.
Four hotels, two apartment towers and new retail space are in the works, projects that will bring more out-of-towners, residents and stores and bridge the gap between the Magnificent Mile shopping district north of the river and the park and cultural attractions to the south.
