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Matsuhisa

Nobu Hotel in Fulton Market selling before it's built

Nobu Hotel in Fulton Market selling before it's built

Chicago’s Nobu Hotel is still in the early stages of construction on West Randolph Street, but the Robert De Niro-backed hotel and restaurant is already getting a new landlord.

Mexico’s RCD Resorts has struck an almost $20 million deal to buy and take over the Fulton Market district development at 854 W. Randolph St., according to sources. The 11-story building with a 119-room boutique hotel and a restaurant from chef Nobu Matsuhisa is expected to open at Randolph and Peoria streets sometime in 2018.

The seller is M Development, led by longtime Chicago developer Mark Hunt.

RCD Resorts knows the Nobu brand well, having helped redevelop the historic Eden Roc Miami Beach...

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