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GlobeSt.com UPDATE: 108 N. State Closing Paves Way for Construction

CHICAGO-Development of the city block formerly known as Block 37 is expected to kick off Tuesday. Arlington, VA-based Mills Corp. gets the city block for $12.3 million to build its retail, entertainment, office, multifamily and hotel venue.

By Mark Ruda | Updated on November 14, 2005

(For more retail coverage, click GlobeSt.com/RETAIL.)

CHICAGO-Mills Corp. has closed on its $12.3-million purchase of the former Block 37 site, about one-third the property’s most recent appraised value, clearing the way for a ground-breaking on the 108 N. State St. project next week. Also, the $336-million mixed-use project on the city block between Marshall Field’s flagship store and the Daley Center will have some changes in its design unveiled Tuesday.

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