Five years ago today we noted that X/O Condominiums had won a National Association of Home Builders Gold Award for design excellence, and had been the recipient of several other awards.
A little over a year later we relayed the news that X/O had defaulted on its loans and was headed for the deadpool. The project had strong presales, but encountered resistance from neighborhood groups and from the local alderman, who set out to downzone the site.
Back in July of 2011 the sales banners still hung on the site, quoting architect Lucien Lagrange describing X/O as his “finest achievement.”
This would have been a great addition to the city skyline if it had been built. Maybe its time for someone to revive this project as rental apartments that could eventually be converted to condos once the market recovers. He/she could start with the smaller one. With Fioretti on the way out in the South Loop, that source of opposition would now be gone.
Wasn’t this land sold for someone to build a single family home on?