The proposal was for a mixed-use retail and residential development.
The company is also the main retail anchor for an ambitious new mixed-use retail and residential complex on the North Side of Chicago.
Next month, the first two mixed-use retail and residential buildings will open at CityWay, a $155 million, 600,000-square-foot new urban neighborhood.
The 11-acre luxury development includes a hotel, offices and mixed-use retail and condo buildings with a commercial footprint approaching 50 percent.
Over the course of the past six months, Continuum, a mixed-use retail and housing development, opened in Barry's Corner, and the former Charlesview apartments were demolished.
The fund planned to reopen it as a mixed-use retail and residential building to be called Bulgari Tower, named for the luxury goods brand.
In the last several years alone, more than $2 billion has been spent on projects in the neighborhood, including mixed-use retail and apartment complexes and new schools and museums.
In the city's densely populated East End, Bakery Square, the former home of a Nabisco plant, is to reopen in 2010 with about 380,000 square feet of mixed-use retail and office space.
In one of those Hollywood projects, the developers of a mixed-use retail and residential project won a lawsuit over its building plans, but the owners declared bankruptcy and sold before the ruling.
The Empire Stores site, a former coffee warehouse that is actually seven contiguous buildings that measure 330,000 square feet, will be redeveloped into a mixed-use retail and commercial complex.
