“We’re using the time well to get through the planning process so when the market does turn we’re ready to break some dirt… The market will turn in 2009.”
– Sean O’Sullivan, chief operations officer of The Chieftain Group. Crain’s reports today that Chieftain will build two 25-story towers comprising 200 hotel rooms, 200 apartments and 250 condos on a two-acre parcel at the corner of Harrison and Wells streets. (So much for that view of the river and the West Loop, Vetro buyers.)
Chieftain is also building the Lexington Park Condominiums, a South Loop project that Mark has profiled here, here and here.
O’Sullivan sees the light at the end of the tunnel. Is it a ray of sunshine, or is it just a train?
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