On March 1, 2019, the 56-story apartment tower opened and the 14-story/274-room Hotel Essex, which was newly renovated from the shell of the Essex Inn, opened on April 1, 2019. Preleasing began on Decemfor the new building, which was considered completed at the time. On January 19, 2017, Oxford broke ground on the new plan, which at the time proposed a 57-story 476-apartments and 290-hotel room development next to the Essex Inn. On January 3, 2017, Oxford Capital Group received a $170 million construction loan.
The plan was modified during 2016, removing proposed open air bars between the lower and upper levels. By September 2015, Oxford submitted plans to replace the parking garage and swimming pool next to the Essex Inn with a 48-story apartment tower hosting 388 units. Oxford acquired the property, which sits atop a ground lease that runs until 2057, for $25.5 million. In November 2014, Oxford Capital Group LLC acquired the 254-room Essex Inn at 800 South Michigan, along the Historic Michigan Boulevard District across from Grant Park, from the Gecht family who built the hotel in 1961. The development was marketed and opened as Essex on the Park, but rebranded as Sentral (stylized as Sen+ral) Michigan Avenue in July 2021. It is connected to Le Méridien Essex Chicago at 800 South Michigan Avenue.
Sentral Michigan Avenue or 808 South Michigan (Avenue) is a 479-unit apartment building on South Michigan Avenue in the Loop community area, Chicago, Illinois.
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