Six years after work to construct the tallest building in the western hemisphere came to a standstill, Chicago Spire developer Garrett Kelleher is back, this time with a partner, talking with potential buyers and making plans to find funding to restart the project, the Chicago Tribune reported today. Standing in a hallway just after a bankruptcy court hearing yesterday, during which a federal judge said that she would approve efforts to pay off creditors, Kelleher said that it had been quite a task to find a resolution to the bankruptcy case of his company. Now, he was ready to move forward with the project, possibly even this year. U.S. Bankruptcy Judge Janet Baer said yesterday that she would approve a bankruptcy settlement agreement that gives Kelleher and a new majority partner time to pay claims tied to the case and then proceed with the long-stalled project that would bring 1,194 condos and 1,420 parking spaces to the project.
