Chicago, IL -
A statement posted on Ald. James Cappleman's (46th) website confirmed the sale of the controversial single room occupancy Hotel Chateau, 3838 N. Broadway.
The statement reads as follows:The property located at 3838 N. Broadway (commonly known as the Chateau Hotel) has been sold to a local group of investors and is being held in a land trust. More details about the new owners will be shared at the housing court hearing on January 29th at 11:00 a.m.
Last year, I asked the City of Chicago to conduct a series of inspections that led to over one hundred building code violations. Concerns with violent crime, loitering, drug dealing, and public intoxication were also common in and around the property.
I organized meetings with residents of the Chateau Hotel, community members, and local housing organizations requesting better management of the property owner. Unfortunately, the property owner was not responsive to the community's concerns. To view a copy of his letter to me, click here.
When I took office, one of my top priorities was to increase public safety for the residents that live in and around Chateau Hotel. This sends a clear message to other building owners in the 46th Ward that we require a safe environment for their residents and the surrounding community. Everyone deserves a safe and secure home. I will be working with the new owners and the current residents to address their concerns about housing.
Ald. James Cappleman
Quoting sources, the Lakeview Patch
suggested the new investor may be BJB Partners LLC.