81
LINCOLNWOOD, ILL. — A joint venture between Inland Real Estate Acquisitions and TMK Development has acquired the former Purple Hotel, located at the intersection of Touhy and Lincoln avenues in Lincolnwood, for redevelopment. The hotel, which closed in 2007, will be demolished to make way for a mixed-use development named Legacy Place. Initial plans for the project include 100,000 square feet of restaurant and retail space, 40,000 square feet of office space, a 350-room boutique hotel, more than 200 residential units, a health club and a premium movie theater. Legacy Place will also include a fountain and a monument that will incorporate bricks from the Purple Hotel’s façade. Construction is expected to begin in 2009.