Formerly known as Motor Row Condominiums, the long-vacant and idle development at the site of the old Metropole Hotel- ground zero for Al Capone’s criminal enterprise- The Shelby presented an opportunity to capitalize on a promising neighborhood.
At an early stage, Royal Imperial Group recognized the area would coalesce into a dynamic and vibrant community. Identifying this opportunity, Royal Imperial Group acquired the multi-use property with low occupancy in both residential and commercial spaces. Since the purchase, construction on the McCormick Place entertainment District began, a new Cermak Green Line station was built, construction on the new DePaul Arena has commenced, as was an 1100 room Marriot Marquis hotel a mere 2 blocks away. Here too, Royal Imperial Group displayed the capacity to reposition the property, successfully reach full occupancy, and maximize return for our investors.
