South Loop Apartment Plan Back in the Cupboard with the Mothballs

Written By Editor on February 20, 2021

If you were excited about the transformation of a South Loop surface parking lot into a pair of modest skyscrapers with a hotel and supermarket, you picked the wrong week to quit sniffing glue.

In a memo to his constituents, 42nd Ward Alderman Brendan Reilly conveyed the news that the developer of 525 South Wabash Avenue, e-Terra+, has decided to pull its project from the log flume of City Hall approval.  The project was designed by Minneapolis-based BKV Group.

Mr. Reilly says the north suburban developer wants to revise the plan and try again.