It has a date with the wrecking ball at the end of the month, said David Smith, a Chicago developer.
To Chicago developers like Steven Fifield, preservation is nice in principle but can be a hindrance.
But that has not deterred two major Chicago developers from starting two high-profile office buildings totaling more than 2.8 million square feet of space.
The materials for the project were paid for by a donation of $20,000 from Mesa Development, a major Chicago developer.
The John Buck Company, a Chicago developer, has been retained as leasing agent by Sears.
In the mid-80's, Chicago developers were paying $12 to $20 a developable square foot for building sites.
In early 2001, a Chicago developer actually broke ground on a $200 million project to transform the hospital into a regal foothold for a 26-story residential tower.
"When it concerns my own people, I will fight," said Matt Mihaljiv, a Chicago developer from Croatia.
Gatling, a Chicago developer, said he would continue to develop the theater and work with the developers of the Carolina Crossroads entertainment district.
The site that would eventually become Royal Lakes was purchased by a Chicago developer in 1956.