Developer Garrett Kelleher has reached an agreement with his largest creditor, Related Cos., over a financing plan that would allow him to keep control of the Chicago Spire site and potentially search for construction financing
Garrett Kelleher
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The largest creditor on the Chicago Spire is turning up the heat on the failed project’s developer. An affiliate of Related Cos. sued Garrett Kelleher, the Irishman who started and then aborted the condominium project, demanding that he fulfill a personal guarantee he signed to secure a loan for the […]
Bids are due next week for the 2.2 acre site, which includes a large circular foundation at what would have been the site of the tallest skyscraper in the US – The Spire. Sellers are hoping to recoup hopefully an excess of $93 million from the sale but that could […]