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City sells lot for planned $111 million apartment tower

from National Real Estate Investor

The City Council voted recently to sell a parking lot at the corner of Ninth and State streets, in order to allow the development of a $111 million planned apartment tower in the South Loop. The city sold the 39,000-square-foot lot for $6 million to Ninth St. Investors LLC. A partnership of Golub & Co. and Solomon Cordwell Buenz has been trying to get city approval for more than a year to build a 39-story multifamily building. more

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