THE GODFREY HOTEL CHICAGO
CASE STUDY
OPPORTUNITY
Temporarily nicknamed “The Mummy,” this building’s unique superstructure spent four recession-heavy years wrapped in tarp. After successes with nearby Hotel Felix and Cube Capital, Oxford took over the long-abandoned project and began to reconceive and rebuild.
CHALLENGE
Multiple Chicago winters and a recession-extended delay took their toll on this barely developed property, making this project particularly complex and forcing Oxford and its partners to rebuild large portions of the structure.
SOLUTION
Oxford implemented exciting and innovative architectural designs and ideas to make The Godfrey an unrivaled addition to the River North area. Creative and inspired choices not only set the property apart from surrounding buildings, but also successfully addressed all the unexpected challenges that came with taking over the long-abandoned project.
RESULT
Dubbed the “Miracle on LaSalle Street” by the Chicago Tribune, the Godfrey Hotel shows that creative interior design and stunning architecture can be wrought from even the most unfavorable situations. With its Cubist façade and industrial yet plush vibe, the Godfrey now stands as one of the city’s most unique properties, and offers a hotel experience like no other.
AWARDS
Finalist for Development of the Year at the 2014 Chicago
Commercial Real Estate Awards, a nominee for the 2015 ALIS
Development of the Year, and a finalist for the 2015
ULI Visionary Award