Concord Capital submitted a redevelopment proposal on Thursday, September 17, 2026, to preserve the historic sign and facade of the former Logan Square SRO hotel while converting the vacant structure into residential apartments. The building, located in the Logan Square neighborhood of Chicago, Illinois, has remained empty for the past 12 years.
The proposal emphasizes retaining the hotel’s historic architectural elements, specifically the exterior sign and the building’s original façade, as part of the new residential development. By maintaining these features, the plan seeks to preserve a piece of the neighborhood’s architectural heritage while introducing new housing units to the area.
The former SRO hotel, once a source of short‑term lodging, has been unused for over a decade, contributing to a period of vacancy that city officials and local stakeholders have noted. Concord Capital’s submission aims to address that prolonged vacancy by repurposing the structure for long‑term residential use, thereby revitalizing the property.
The redevelopment effort aligns with broader objectives to safeguard historic elements of Chicago’s built environment. By keeping the historic sign and façade intact, the project intends to balance preservation with modern development needs. The plan does not disclose the number of apartments to be created, focusing instead on the dual goals of architectural conservation and building activation.
City planners and preservation advocates will review the proposal to determine compliance with local historic preservation guidelines and zoning requirements. If approved, the conversion would mark the first significant change to the building since it became vacant 12 years ago, potentially setting a precedent for similar projects in the neighborhood.
Concord Capital’s initiative reflects an ongoing interest in adaptive reuse of historic structures within Chicago, offering a pathway to both protect the city’s architectural legacy and meet contemporary housing demand.