A historic, independent hotel will be ready to open this summer on West Peachtree Street following months of renovations. Spanish Colonial-inspired Hotel Granada will offer 120 rooms and an open-air courtyard with multiple options for lounging, drinking, and dining. It used to be known as The Artmore.

Bookings, which begin in September, start at $229 per night for a king room. 

Located at 1302 W. Peachtree Street, the building originally opened in 1924 as the Granada Apartments and was converted to hotel uses in 1984. Prior to closing, it was Midtown’s only independent boutique hotel, stylized with a Spanish-Mediterranean red tile roof, stucco façade, and open courtyard.

Hodges Ward Elliot, a real estate advisory firm, arranged the hotel’s $21.1-million sale in 2022. Aparium will manage the hotel. Scarp Ridge Capital Partners and Monomoy Property Ventures led the Hotel Granada renovation. 

Ken Gowland of architecture firm MetroStudio led design and preservation work that updated the property’s stucco façade, distinctive roof, courtyard fountain, and a “Granada” mosaic tile inlay at the entrance. 

JPMorgan Chase has unveiled major renovation plans for Chase Tower, its local headquarters building at 10 S. Dearborn Street. The 850-foot, 60-story skyscraper will undergo a transformation, and the Loop’s tallest building will become a modern, workplace with flexible, collaborative spaces and an array of amenities.

Gensler is the lead architect on the project and the planned renovations include a refreshed and interconnected, plaza, lobby and mezzanine, refurbished work floors with state-of-the-art technology, a new fitness center, and an improved outdoor plaza area. Sustainable design improvement will include water-efficient plumbing fixtures and construction materials with low-embodied carbon and carbon-neutral carpet and flooring.

The project is expected to create more than 970 local construction jobs, with an additional impact of economic activity near $264 million for Cook County and $377 million for Illinois overall. The firm has more than 14,500 Chicagoland employees, including 7,200 at Chase Tower, and more than 15,600 employees in Illinois.