In spite of yesterday's ruling that stripped control of the beleaguered Block 37 project from its developer, the project will see the first store opening today after the city gave the project the green light, according to Crain's. Today will see the opening the opening of both the pedway and the Steve Madden store. A spokeswoman for the developer, Joseph Freed & Associates, LLC, said they expect two additional stores - Zara and Puma - to open early next week and several more will follow suit by Thanksgiving. more ›

Thanksgiving is almost here and with that comes the hoped-for opening date for the beleaguered Block 37 project downtown. And two events this week might go a long way towards determining if the project will manage to open on time as scheduled. First, on Thursday, the project will get the final inspection from the city that would give it the okay to proceed with its opening. But Friday sees the hearing where Bank of America, the main lender on a construction loan, will ask a judge to take control of the project away from developer Joseph Freed and Associates LLC and hand it over to a receiver. According to the Tribune: more ›