Brokers and consultants in a position to know tell GlobeSt.com Chicago developer Michael Murray, a principal at Churchill Development Group LLC, and local developer Craig Ustler are favorites to win the contract. City officials are expected to select the developer by Nov. 1.
Other bids the city is studying come from the local office of Lincoln Property Co. and David Eichenblatt, an Atlanta developer who this year successfully converted the former Harley Hotel into the Metropolitan, a sold-out, 250-unit condo community directly across from Lake Eola Park.
City officials and staffers declined to disclose details on the proposed high rise which is planned on a city parking lot, four blocks from the Vue, a proposed 35-story, $85-million condo-retail undertaking at Rosalind Avenue and Robinson Street.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
