Irish developer Garrett Kelleher, the man behind the now-bankrupt Chicago Spire project, is seeking to use the automatic stay provision of the Bankruptcy Code that would buy him enough time to reorganize and aid in the construction of the 2,000-foot tall skyscraper, Dow Jones Daily Bankruptcy Review reported today. Kelleher is being sued by the creditors who initially forced his company, Shelbourne North Water Street LP, into chapter 11 protection, according to court papers. Kelleher contends that the lawsuits are an "unnecessary distraction" while he negotiates with potential partners to find a plan that would pay his creditors and restart construction on the tower, according to court papers filed Tuesday.
