Already responsible for The City's Most Expensive Hole In The Ground, Spire developer group Shelbourne Development Group Inc. is in more hot water as their sales center is facing eviction from its current home in NBC Tower. Crain's reports that a complaint filed in Cook County Circuit Court claims that Shelbourne hasn't paid rent since April 1 and owes over $300,000 for the space which takes up the entire 18th floor. It's not the only legal wranglings Shelbourne's been involved in; remember, they were sued by Bank of America back in August for allegedly defaulting on a loan. A spokeswoman for Shelbourne said in a statement, “The issue is a typical tenant/landlord dispute that we expect to be resolved amicably. During our time there, we've experienced a few minor issues, and hope the management is more responsive to our concerns.” And, in a display of optimism that suggests Shelbourne lives in a land of rainbows, leprechauns, and unicorns, she added, “The Chicago Spire project is very much alive and yes, we are still talking to potential buyers interested in purchasing units." more ›

It's looking less and less likely that the city's most expensive hole in the ground will ever become the beautiful butterfly of a spire it was meant to be. Bank of America has filed suit against Shelbourne Development Group Inc., the developers of the Chicago Spire. We're not even going to pretend like we can fully comprehend the ins-and-outs of the financial wrangling going on here - we'll let Bloomberg do that - but given the continual financial difficulties of the buildings, we're guessing the day the Spire opens for business is the day Mayor Daley makes the city government fully transparent. more ›