The CityGate Centre Grand hotel will have 144-rooms, with overnight stays expected to be about $200, Slack says. The hotel will also have a European-themed restaurant, a lobby lounge, spa and fitness center. The hotel's interiors and exterior is being designed by the architectural firm of Lohan Anderson. The hotel is expected to open next summer and will be managed by Portfolio Hotels and Resorts.
The 12-story hotel will have a 500-person banquet facility, board room and other meeting facilities. Slack said the area is missing an area where board meetings can be held. In particular, there is not a facility in the area where a person could stay the night and then attend a corporate event, like a board meeting, without having to leave the building. Currently, a business would have to go to downtown Chicago for corporate events, he says.
The mechanical systems will be energy efficient, locally produced materials are being used, they are using elements that are recycled and they "have a recycling program in place during construction," Slack says. Once the hotel is open, they will have "environmentally friendly housekeeping," he says.
The hotel is part of a 31-acre development that will also include a 600-seat performing arts center, 150,000 sf of retail and one million sf of office space. The plan for the mixed-use project is to "create an urban oasis" that is for people "that move to the suburbs from the city to raise their family, but still crave the city experience," he says. "It will have a corporate feeling during the day but an entertainment feel during the evening."
The office building CityGate Centre I, designed by Lohan Anderson, and the Shops at CityGate Centre are expected to open this summer. The first phase of the office will have about 213,000 sf and the first phase of the office will have about 57,000 sf. The asking lease rate for the office space is $19.50 per sf and the asking rate for the retail space is between $28 and $29 per sf, net, Slack tells GlobeSt.com. No leases are signed yet but they are in negotiations with several possible tenants for the office space and, for the retail, they have "several letters of intent from retail and restaurants," Slack says. The center will have "upscale fine dining," "upscale retail" and some "convenience" businesses such as a coffee shop. The Shops at CityGate Centre are being marketed by Becker Realty and the office space at CityGate Centre I is being marketed by Cushman & Wakefield. Calamos expects the entire project to be complete by 2010.
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