The Neighborhood Hotel, West Loop

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 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.