WEST LOOP — The now-closed Palace Grill could be demolished to make way for a five-story residential development in the West Loop.
The iconic Palace Grill, 1408 W. Madison St., was open for more than 85 years and was a go-to spot for Blackhawks fans until a fire swept through the building in February 2024. It caused “extensive” damage, especially to the restaurant’s kitchen and front of house, owner George Lemperis said at the time, leaving the restaurant unusable.
Lemperis put the building up for sale earlier this year, ending speculation about the possibility of the diner’s reopening. The property, including the restaurant and its parking lot, were marketed as a development opportunity, with its current zoning allowing for up to 27 condos or 55 apartments…