CRE News: What We’re Reading the Week of May 13

Each week, The Elevator Speech summarizes news related to some of the key industry trends, buildings, deals and dealmakers that shaped headlines. Below are articles that caught our attention the week of May 13.

190 S LaSalle St.

190 S LaSalle St.

  • Plans for the Chicago Spire may be back on. The abandoned super-skyscraper project, which would be the tallest building in the Western Hemisphere if built, received several promising development bids this week, including ones from DeBartolo Development, Related Midwest and Garrett Kelleher – the original developer. The site has already been approved for a 150-story, 2.3 million square foot tower slated for luxury condominiums.
  • Urban Innovations purchased two Greektown buildings at 833 W. Jackson Boulevard and 322 S. Green Street for a combined $14 million. The deal – $1.3 million above the list price – demonstrates the growing demand within the neighborhood.

    227 W. Monroe St.

    227 W. Monroe St.

What CRE or Chicago news headlines from the past week captured your interest? Leave us a comment and let us know.

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About BOMA/Chicago

The voice of Chicago's office building industry since 1902.
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