South Loop site to be auctioned on May 25

Crain’s reported yesterday that the sale of a five-acre parcel north of Roosevelt Road, between Roosevelt Collection and the river, has shifted from a sealed-bid auction to a live auction scheduled for May 25. The site’s zoning allows for 1,500 homes and 500,000 square feet of retail space, Crain’s says.

In this video, offered by the property’s auctioneer, Diliberto Real Estate Services, you can see the site from several different angles, and see one wildly ambitious concept for the property’s use.

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