Story perspectives

Edwards Realty buys Block 37 mall for $30 million

By Drooid · Oct 8, 2026, 2:59 AM UTC · How we work

Summary

Story summary

Edwards Realty Co. bought Chicago’s Block 37 mall for $30 million.
The deal closed with Republic Bank, LFI Energy and the Rose Family Office.
Block 37 is currently about 65% leased.
President Ramzi Hassan said rebranding will finish by Jan. 1 2027.
The firm will add restaurants, entertainment venues, brand activations and a small-business incubator.

History

Historical Context

When New York State seized six of the nine historic 42nd-Street theaters in 1990, the city created the Times Square Alliance in 1992 and Mayor Rudolph Giuliani launched a clean-up in 1995, supported by Disney’s restoration of the New Amsterdam Theatre. The combined public-private push spurred new office towers, bright signage and a rapid rise in tourism that reshaped the once-decaying district.

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Story summary

Edwards Realty Co. bought Chicago’s Block 37 mall for $30 million.
The deal closed with Republic Bank, LFI Energy and the Rose Family Office.
Block 37 is currently about 65% leased.
President Ramzi Hassan said rebranding will finish by Jan. 1 2027.
The firm will add restaurants, entertainment venues, brand activations and a small-business incubator.

1 / 2