Hines, Chicago Reach Deal On $1B Wolf's Point Project

Law360, New York (November 9, 2012, 2:52 PM EST) -- Developer Hines Interests LP has negotiated a new public benefits package with environmental commitments that could pave the way for approvals on its $1 billion proposed Wolf's Point project in Chicago, a city official announced Friday.

After months of talks regarding traffic issues and lack of public space in the original proposal, Hines has agreed to fund several significant road and pedestrian projects in the dense downtown area and add green space to the project, according to Alderman Brendan Reilly.

The deal sets Hines up, along...
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