Results tagged “millscorp”

The game of Hot Potato continues as the parcel of land known as Block 37 changes hands again. On Tuesday, Mills Corp. agreed to sell the retail and transit rights on the site bordered by State, Washington and Randolph to Joseph Freed and Associates of Palatine. Freed also is developing the space currently occupied by Carson’s for future use. The Tribune quotes Freed senior vice president Steven Jacobsen as saying "We're very bullish on this...

For years everyone has been lamenting State Street's loss of vitality. What was once a buzzing business and shopping district became the place where behemoth department stores went to die. But that's all about to change, and drastically.

Remember the time when one of the most valuable pieces of property in downtown Chicago sat empty for more than 15 years? You know, the one flanked on all sides by some of the most important business, governmental, theater and shopping districts in the city? Well, we decided the place will never, ever be developed because it is obviously cursed. That may seem dramatic, but, seriously? The latest construction, which started in November, isn't looking...

Construction began on Block 37 in November, but it was still uncertain as to who would be filling the space. CBS 2 confirmed it was headed there and the CTA was building an underground station for express lines to the airports, but other than that, no solid plans.

Construction has finally begun on Block 37 in downtown Chicago. Well, a few golden shovelfuls of dirt have been excavated at least. Mayor Daley and a host of CBS 2 luminaries hosted a glitzy groundbreaking ceremony (see fancy tent and red carpet above) for the long-awaited but often-delayed development on the block bordered by Randolph and Washington, State and Dearborn. Boss Daley hoisted a golden shovel amidst dancers, confetti, and magicians at the party, which a corporate event planner told the Sun-Times probably cost CBS and the site's developer, Mills Corp, about $175,000 to host.