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Development Site Short Sale

In 2008, LG Development announced plans to build a fancy Hartshorne Plunkard-designed condo tower near Washington Square Park in River North. That, of course, never came to pass. Now, the site at 111 W. Chestnut has come back on the market as a bank-approved short sale, prompting YoChicago's Joe Askins to ask, "Will this site tempt another builder to jump into the fray?" [YoChicago]