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.
They have to get crime under control.
They have a plethora of other issues plaguing the city, but yes crime is one of the main ones. Chicago, with 2.5 million people, had more homicides last year than all of NYC with 8.8 million people. Between 2020-2022, it had more homicides than NYC and LA COMBINED. City leadership is awful and is filled with progressives who coddle criminals. Brandon Johnson is the worst big city mayor in America, and the geniuses in this city want to elect our version of him here with Zohran…
But let me not get off topic.
Thankfully habeas corpus and due process will be suspended, paving the way for summary execution of Chicago’s crime crisis.