Developer plans mixed-use conversion at 201 E. Delaware

Developer Pebb Capital has submitted a rezoning for the former Raffaello Hotel building at 201 E. Delaware. Located in Streeterville, the subject building occupies the southeast corner of the intersection of E. Delaware Pl and N. Mies van der Rohe Way.

With FitzGerald on board as the architect, the conversion of the 18-story building will include 140 residential units, 56 hotel keys, restaurant space, and office space. The building’s ground floor will have the lobby at the corner, with the restaurant along E. Delaware Pl and back of house and office space along N. Mies van der Rohe Way. There will be zero parking spaces and 140 bike parking spaces.

Topping out at 200 feet tall, the existing masonry facade will be repaired as needed with new windows installed where necessary. A new retractable glass enclosure would be installed on the penthouse level.

With the rezoning application filed, the developer is seeking to amend the existing Planned Development to allow for the new uses in the building. The project will need approvals from Alderman Hopkins, the Chicago Plan Commission, the Committee on Zoning, and full City Council.