Tag Archives: Development

Bank of America Accused of Overcharging on Interest

Written by: - November 12, 2009

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12 November 2009 ? Bank of America seems to have its hands on many troubled Chicago real estate developments, including Block 37 and the Chicago Spire. Most recently, the developer of the Spire, Shelbourne Development Group, has accused the bank of using a faulty method for calculating interest on their loans. It is fairly standard […]

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Plans for 250-Unit Apartment Tower Proceed in Old Town

Written by: - August 26, 2009

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26 August 2009 ? JDL Development Corp. won zoning approval from the Chicago Plan Commission for a 15-story, 250-unit apartment tower in Old Town located at 1223 N Wells St. What was initially planned as a four-story auto mall was squashed based on local resident?s concerns/complaints about increased traffic. All the hoop-la prompted Grossinger to […]

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