News
Block 37 Foreclosed? The Deal Sheet
October 21, 2009
| A consortium of banks led by Bank of America filed suit to foreclose on Block 37, less than a month from the opening of the retail shopping strip along State Street. |
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| The project is now 70% leased, with clients like Zara, Puma, Anthropologie, and Steve Madden intending to open in time for holiday shopping. The landlord, Joseph A. Freed and Associates, calls the foreclosure a "serious breach of trust with the people of the City of Chicago" and says it will fight the suit. |
