Becker Ventures has sold Chicago’s Carbide & Carbon Building to Montage International for an undisclosed sum. Renovations are currently underway at the Art Deco landmark, 230 N. Michigan Avenue, as it prepares to open next spring under the Pendry Hotels & Resorts banner.
Pendry Chicago will comprise 364 redesigned guestrooms and suites, featuring a contemporary palette awash in warm minimal tones and comfortable finishes. The public spaces will be designed by Alessandro Munge’s, Studio Munge, with careful attention to the detail of the historic features of the building. The hotel’s signature restaurant and bar concept, also designed by Studio Munge, will be overseen by hospitality and nightlife pioneer, Andy Masi, and his Clique Hospitality group. In addition, the hotel will feature a lobby bar and lounge, a spectacular rooftop lounge, 12,000 square feet of meetings and event space, curated fitness and wellness programming and an extensive art collection.
“We are incredibly proud to bring Pendry to the great city of Chicago,” said Alan J. Fuerstman, founder, chairman and CEO, Montage International. “We plan to honor the history imbued in the Carbide & Carbon Building by elevating and accenting its iconic design, injecting the exceptional service and guest experience for which Pendry Hotels & Resorts are known, and celebrating the remarkable city through food, spirits, art and creativity.”
The historic Carbide & Carbon Building dates back to 1929 and is famed for its unique Champagne bottle design and extravagant details featuring dark granite at the base, deep green Terracotta on the tower and 24-karat gold leaf at the top. The building had operated as the Hard Rock Hotel beginning in 2004 until a rebranding as the St. James Hotel in 2017.