Wednesday, February 4, 2009

Several projects adjacent to Michigan Ave offer status details


There is concern that your view may be blocked, questions whether the place you bought will ever be built and what is happening with that half built building. Well, three projects have offered updates. A recent article in the New York Times discusses what the developers of both the Spire and Waterview Tower have been dealing with. As the economy has shifted and slowed, both projects are on hold. The questions is what are they planning moving forward. Additionally, there was a lot of talk of a building going up behind The Fourth Presbyterian Church of Chicago on Michigan Avenue. This morning, Crian's Chicago wrote that the church has scrapped controversial plans with a developer in the works for almost six years.

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