Burning the mortgage at 600 Lake Shore Drive

by Joe Zekas on 7/1/09

The project cost for the two-tower high-rise at 600 Lake Shore Drive was about $300 million. Alan Lev, Belgravia Group’s President, invited me to an old-fashioned mortgage burning ceremony to celebrate the project’s paying off its debt

Joining us were Buzz Ruttenberg, Belgravia’s Chairman, and Mike Supera and Richard Zisook, the principals of SandZ Development who were also active in the project.

To thank Lev for the invite, I presented him another real estate tradition, one that’s appropriate for current market conditions if not for 600 LSD: a St Joseph statue.

Check back later for more conversaton with the developers, a look at the art at 600 LSD, a chat with a doorman, and a resident’s take on the building.

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Related posts:

  1. Meet the developers of 600 Lake Shore Drive
  2. A doorman's take on 600 Lake Shore Drive
  3. Streeterville smackdown: 474 North Lake Shore Drive vs. Pearson on the Park
  4. A buyer's take on 600 Lake Shore Drive
  5. What's new at 600 Lake Shore Drive?

{ 1 comment… read it below or add one }

Carmen Krushas 7/1/09 at 1:13 PM

Hilarious footage that really captures Belgravia’s culture in a nutshell. Fun. Great story. I am glad to have been associated with the BG team. Smart group of people.

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