The Dearborn Homes apartments, a Chicago Housing Authority public housing development, are seen along the 2900 block of South State Street in Chicago, Aug. 15, 2024. (Antonio Perez/Chicago Tribune) ...

The former Dearborn Hyatt Regency’s new ownership has a vision to turn the 18-story tower nestled between the city’s two downtown districts into a combination of apartments and hotel rooms.

The former Dearborn Hyatt is now set to be redeveloped as half hotel rooms, half apartments. The Dearborn Planning Commission has approved a plan that calls for converting the 18-story hotel ...