Developers the Prime Group Inc and Capri Interests LLC plan a $180 million renovation project that would convert an office building at: 111 W. Monroe St in downtown Chicago, Illinois to a hotel and residences. The proposed Monroe Residences & Hotel would use 610,000 square feet to create 349 units (studios, one-bedroom and two-bedroom units). Other renovations would include lobby upgrades, a bar and restaurant, and basement parking. A separate, 226-key hotel project would proceed simultaneously within the building’s lower floors. The project is currently being reviewed by the Chicago Department of Planning and Development.