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Hotel Backs Out Of Block 37

Hotel Backs Out Of Block 37

It's been an up-and-down year for Block 37, from the Apple Store debacle to landing a few high-end tenants. And a Sunglass Hut. The roller-coaster ride continues as Loews Hotels has backed out of an agreement to bring a four-star, 384-room to the project. Loews had bought the rights to the property for $1 and was still seeking financing for the $175 million project, which would have started construction next year for a 2013 opening. According to Crain's: more ›

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