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Chicago Gold Coast Development Site Hits Market After Foreclosure

8/1/2025

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Story summary
  • A prime 7,912-square-foot development site in Chicago's Gold Coast is now on the market, following the collapse of ambitious plans for a luxury high-rise. Once purchased for $13.1 million in 2017, the property, seized in foreclosure, was intended for opulent condos and a towering 34-story structure that never came to fruition.