[LouisVanDerWright]

^^^ Interesting. The most notable tidbit in there is the involvement of the American Invesco crew. That's relevant because:

A. American Invesco has a track record of getting fairly large projects done.

and

B. American Invesco has royally fucked up just about every project they've been involved in. (See their condo conversions at 200 N Dearborn and River City both of which melted down hard in the recession).

and

C. Unsurprisingly the legal action on this seems to have been triggered by a series of unscrupulous ball-kicks to tenants meted out by the guys running the show.


So the point is that people who were once with the largest condo converter in the last boom which did billions worth of project are running the show here. They aren't exactly inexperienced, but they also have a track record of crash and burn. At the same time it seems that the litigation has been settled out for the most part so, if this thing is going to move forward, I'd expect to hear some noise on it sooner rather than later. You'd think they'd be jonesing to get their zoning app in before the new affordable law kicks in.