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The spire's developer, Shelbourne Development Ltd., has begun underground construction of the building at 400 N. Lake Shore. But it has acknowledged slowing the pace of the work because turmoil in financial markets has limited access to credit.
December 22, 2009 - Whatever hope Shelbourne Development had been holding out for a loan from the ALF-CIO union funds seems to have evaporated. Statements from four of the investment funds who were said to be interested in footing the bill to get the Chicago Spire back on track have said the...
Mon, Dec 21 | from Chicago Condo Directory