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Spiraling Debt

Developer Garrett Kelleher and Atlas Apartment Holdings may have found a new partner to help deliver the stalled out Chicago Spire from bankruptcy and restart construction. The mystery lender is currently working through the due diligence process and has not committed to investing in the project yet. Earlier this month, Atlas and Kelleher announced that they would need to bring other investors into the fold to get the 150 story Spire back on track. [Law 360; previously]

Chicago Spire

400 North Lake Shore Drive, Chicago, IL 60611 Visit Website