Chicago Spire Developer Heads Into Ch. 11 In Ill.

Law360, Chicago (November 08, 2013, 7:29 PM ET) -- The developer of the aborted Chicago Spire condominium tower — which was to be the tallest building in the Western Hemisphere — has reached a deal with disgruntled creditors to enter bankruptcy in Illinois, according to court documents filed Friday.

Last month, Shelbourne North Water Street LP, the developer owned by Irish real estate magnate Garrett Kelleher, was hit with an involuntary bankruptcy petition in Delaware by creditors led by The Related Cos. LP, which recently acquired the delinquent $69.5 million mortgage on the property. Shelbourne,...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Shelbourne North Water Street L.P.


Case Number

1:13-bk-12652

Court

Delaware

Nature of Suit

Date Filed

October 9, 2013

Law Firms

Companies