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The Virgin Hotels Chicago (formerly Old Dearborn Bank Building or 203 North Wabash Avenue) is a historic building in the Loop community area of Chicago, Illinois, that has been converted from use as an office building to use as a hotel run via a mobile app-based business model.
This roadway was built on landfill in the area that had been the private beach for the hotel. While new public beaches serving the Edgewater neighborhood were eventually created, they did not replace the hotel's own beach. After the hotel was cut-off from the lake by the new drive, a swimming pool was added in 1953. In 1960, in order to compete ...
To its east is the shore of Lake Michigan, and its northern boundary is the early 19th-century city limit of Chicago, North Avenue. In 2020 the Near North Side had 105,481 residents, surpassing Lake View as the largest Chicago community area by population.
The hotel was sold in 2017 to Shapack Partners and Gaw Capital for $61.5 million, which was considered an underwhelming sale price for the booming hotel market Chicago was experiencing at the time. [1] They hired Journal Hotels to run the hotel as their first Chicago property. [13] The hotel was renamed Ambassador Chicago. [2] [1]
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Chicago Public Schools (CPS) operates public schools serving the community. [7] Ogden International School of Chicago has its East Campus, which houses elementary school, [8] in the Gold Coast. [9] Residents of the Gold Coast are zoned to Ogden School for grades K-8, [10] while for high school they are zoned to Lincoln Park High School. [11]
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