"The truth of the matter is, this is not for anybody that needs financing," Wright says. "There are only a handful of people who can pay cash for this and it is absolutely the right market to scoop this up."

The area was known as Naked City in the 1940 and '50s when, prior to tanning salons, showgirls and dancers lived in the apartments in the area and would get their overall tans out by the pools," Wright tells GlobeSt.com. "When suburban sprawl began, the nudies moved outward but the name stuck, according to veteran cabbies."

Wright formed the Naked City POA by writing a letter to all 153 ownership entities in the neighborhood—-he obtained the list from Chicago Title—-and telling him about his idea. He told them he had formed the POA and interested parties could attend the first meeting on January 16.

"I was expecting maybe nine or 10 people to show up but we had 43 people, some of them representing multiple properties," he says. "There were people from Texas, Los Angeles, San Francisco as well as locally, and I told them we should try to come together and sell our collective properties as one seller to one buyer to help achieve a higher sales price and a quicker escrow. I volunteered to carry us as far as I could and that when I got in over my head, I would ask for help."

Wright, who will get a brokerage commission for his efforts, says there are several owners who are motivated to close escrow earlier, including 14 contiguous parcels (2.61 acres) with 95 apartment units on them, directly adjacent to the Allure Tower II site and another one on the north side that shares an alley with an Icahn-owned property. The Naked City Property Owners Alliance can be reached at <a href="mailto:[email protected]".