Chicago, Illinois
The Neighborhood Hotel – West Loop
A landmarked 1912 bank headquarters, vacant since 2005, being converted into the operator's second Chicago property, with the old vaults becoming a bar.
Announced · 2027 (targeted)
The Neighborhood Hotel is converting Chicago's landmarked 1912 Mid-City Trust & Savings Bank building, vacant since 2005, into a 76-room hotel at the edge of the West Loop and Fulton Market district. A renovation permit was issued in August 2024, with the former bank vaults becoming a whiskey bar and coffee lounge; opening is now targeted for 2027.
The essentials
- Group
- Independent · The Neighborhood Hotel
- Opening
- 2027 (targeted)
- Rooms & suites
- 76 rooms
- Segment
- Boutique
- Designer
- Pappageorge Haymes Partners (architect); Bulley & Andrews (general contractor)
- Entry rate
- NC
The place
801 W. Madison Street, at the edge of Chicago's West Loop and Fulton Market district.
The concept
Built in 1912 as the Mid-City Trust & Savings Bank and designated a Chicago Landmark in 2012, the building later served as Mid-City Bank and then MB Financial's corporate offices before sitting vacant from 2005 onward. The Neighborhood Hotel paid $14 million for the six-story building and, after a renovation permit was issued in August 2024, is converting it into a 76-room hotel with roughly 22,000 square feet of added commercial and retail space, following the same adaptive-reuse playbook as its Little Italy property. The former bank vaults are being repurposed into a whiskey bar and coffee lounge.
Dining & wellness
The historic bank vaults become a whiskey bar and coffee lounge; no separate restaurant has been announced.
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