Sunday, February 22, 2009

Quickie: Unbuilt Mandarin Oriental Faces Foreclosure


Crain's Chicago Business  (naturally) reports that the as-yet-unbuilt Mandarin Oriental Hotel is now the subject of a foreclosure suit.

The 74-story building was to go in the vacant slot on Stetson Place in the Illinois Center.  In spite of its location, it planned to use a Michigan Avenue address.

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