Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
The owners of the Elysian Hotel in the Gold Coast have hired Chicago-based Jones Lang LaSalle Inc. to sell the property, Crain's Chicago Business is reporting.
The 60-story, $280 million hotel was designed by Chicago architect Lucien Lagrange. Developed by David Pisor and located at 11 E. Walton St., the Elysian consists of two main parts: 51 condos stacked atop a 188-room hotel, which, like all high-end hotels, is struggling in today's economy. Read More [Chicago Tribune]