Several high-rise proposals stalled for '08

High-rise development has its winners and losers, and 2008 will certainly prove to be a watershed year for the entire building community.

For New Homes Magazine‘s March 2008 issue, we’ve begun to compile a comprehensive directory of high-rises being developed right now in the city. Along the way, however, it’s become clear that – for a variety of reasons – a few of these projects aren’t going to move forward as planned this year. Some are off the books entirely; others are simply in a holding pattern, waiting for the right market conditions to move forward.

Here’s what we’ve been able to confirm lately.

And we’re hearing rumblings about 2100, Rokas International‘s high-rise planned for 2100 S Indiana Ave.

The developer has been in dire straits lately, dealing with a lawsuit over unpaid contracts at Motor Row Condominiums and a canceled proposal near the Sears Tower. In the last month, things have gotten worse; the phone numbers to both the sales center and the developer’s office have been disconnected, and Equity Marketing Services has confirmed that they’re no longer handling pre-construction sales. Even the development’s official Web site seems to be offline.

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