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
Related Cos
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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 […]
The development group will be focusing on resuming construction at the 27 story Waterview Tower, which has remained unfinished since work was stopped on the project in 2008. The development group, led by Related Cos., will close on a $115 million dollar construction loan from Bank of American and US […]