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Chicago Spire Bankruptcy Formally Ends; Site's Future Unclear

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The bankruptcy case covering the development of the Chicago Spire has formally ended, The Chicago Business Journal reported Wednesday. Last fall, developer Garrett Kelleher made waves when he took steps to restart the infamous tower project that has been dormant since 2008. However, he and his business partners came up short in their efforts to keep the property from reverting to a creditor, Related Midwest. Now, Hon. Janet S. Baer has ended the bankruptcy of Kelleher's vehicle Shelbourne North Water Street, finally clearing the way for whatever next steps may be available there.
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