I received a letter in the mail today informing me (and presumably other residents) that McPier would begin construction soon on a second McCormick Place hotel to be located at 2233 S. MLK Drive. The 12 story, 461 room hotel tower is supposed to be constructed on top of the current Hyatt garage, with an estimated completion date of summer 2013.
This is consistent with what we posted about a couple of weeks ago. More people in this area can only help the retail scene...we would think.
(Hat tip: EM!)