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Condo Developers Buy Parking Lot Adjacent to United Center

CHICAGO-A group led by Victor Hotel developer Frank DiBuglione plans an eight-unit condominium building at 1641 W. Warren Blvd., combining a city-owned site it will buy for $169,100 with two parcels it already owns.

By Mark Ruda | Updated on November 23, 2005

CHICAGO-One of the remaining parking lots used by Bulls and Blackhawks fans is being sold to a group planning to put up an eight-unit condominium building. A partnership will pay the city $169,100, the appraised value, for a 2,487-sf lot at 1641 W. Warren Blvd., which it will combine with an adjacent 5,000-sf site to build its $3-million project.

“This is the first step in moving the parking lots closer to the United Center,” says 27th Ward Alderman Walter Burnett, before the land sale was endorsed Tuesday by the community development commission. “It’s been an eyesore on that block.”

It also was a site the city did not realize it had for several years, Burnett adds. Red Top Parking, a local company that rents parking spaces on lots for sporting events, had been using the lot with the mistaken belief it owned the property, he adds.

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