Inside the Drama of Record Condo Buyout at Ontario Place therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
The $190 million deal to buy out River North condo owners and turn the building back into apartments the biggest such deal ever in Chicago, and maybe the country has hit another snag.
The most ambitious condo deconversion in the city, possibly the country, stalled out last summer as interest rates jumped and financial markets shook. Now the $190 million deal looks like it may just happen after all.
Owners of a 51-story condo tower in River North voted last year to sell it for $190 million. But the developer that's buying it has hit a financing snafu.