This would be a possible project in the future.
„ Golub putting 50 E. Superior up for sale, currently still zoned for max density with the last proposal being a 60 story/725 footer. Article also says that it’s being marketed as without needing city council approval for something residential.“
Orginal by iguy on SSP
Madison Realty Capital is ready to get a troubled River North development site once eyed for a 60-story tower off its books after seizing it through foreclosure.
The New York-based lender put the 12,400-square-foot site at 42-46 East Superior Street up for sale with JLL, marking a potential fresh start after years of failed ambitions and legal battles, Crain’s reported. JLL’s Dan Reynolds is leading the marketing efforts for Madison Realty Capital.
Meanwhile, an adjacent property at 50 East Superior Street owned by Chicago-based developer Golub & Company, which holds a vacant seven-story office building, is also up for sale, potentially broadening redevelopment opportunities in the area.
brutal times for the Chicago real estate market. We’re spoiled in NYC
New York is the measure of all things. Only there are supertall buildings and large-scale projects being built.
Chicago is lame.