Home | Business News | Browse by Publication | C | Crain's Chicago Business

Hotel checks out of Block 37; Loews' exit leaves another hole in hexed project.

Publication: Crain's Chicago Business
Publication Date: 14-SEP-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Hotel checks out of Block 37; Loews' exit leaves another hole in hexed project.(NEWS)(Loew's Hotels Inc.)

Article Excerpt
Byline: THOMAS A. CORFMAN

Loews Hotels has walked away from an agreement to build a high-end hotel as part of the Block 37 development, despite getting the site for $1, dealing another blow to a downtown project dogged by decades of delays and other setbacks.

Loews follows Apple Computer Inc. and the David Barton health club chain in snubbing the star-crossed project at State and Randolph. Twenty years after Mayor Richard M. Daley cleared land for what he envisioned as a showpiece complex of offices, shopping, condominiums and hotel rooms, only the office portion is complete, with the retail segment expected to open in phases starting this year.

The bargain...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Crain's Chicago Business
TROTTER MAKES HIS MOVE; He's seen the worst, and now top chef is going..., September 14, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.