More Trouble For Spire Developer
By Marcus Gilmer in News on Oct 14, 2009 3:20PM
Photo by spudart
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."