Burning the mortgage at 600 Lake Shore Drive

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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