All Entries Tagged With: "Chicago Spire"
Developer Loses Fight in Failed Chicago Real Estate Project
A developer has been ordered to pay off some of his debts tied to the tallest parcel of Chicago real estate that never was. Irish developer Garrett Kelleher and his company, Shelbourne Development Group Inc., borrowed millions of dollars from Bank of America to build a 2,000-foot-high skyscraper that was to be the Chicago Spire [...]
Big Plans for this Chicago Landmark
You could call this a plan for a Chicago real estate fantasyland. A British developer wants to turn Chicago’s former Main Post Office Building near Congress Parkway and the area around it into a massive complex that would include housing, retail shops, hotels, green space and the tallest skyscraper in North America. The 3-million-square-foot building, [...]
Chicago’s Tallest Skyscraper Now City’s Biggest Hole
The other day, I had the pleasure of taking an educational trolley ride around the city with my daughter’s class. Our goofy tour guide pointed out all kinds of Chicago real estate, but it seems like our bus inhabitants snapped the most pictures as we drove by the huge, man-made crater on Lake Shore Drive [...]
Chicago Spire Fires Back
The stalled 2000-foot Chicago Spire that, at the moment is just a gaping hole in the ground, is counter-suing its lender Bank of America. Alleging that the bank took proceeds of a certificate of deposit owned by Shelbourne Development for more than $3.5 million and applied it to the amount due, an amount that was [...]
