Posted Oct 29, 2017, 9:31 PM
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All-American City Boy
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Join Date: Dec 2009
Location: Hinsdale / Uptown, Chicago
Posts: 1,939
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Quote:
Originally Posted by left of center
Sure, happens all the time. Look at the McDonald's across the street from Wrigley. They got the rights to the ground floor retail space in the development that replaced their restaurant and parking lot.
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Quote:
Originally Posted by bcp
Its not a legal thing as in a specific law on the books.... but this can absolutely be done as a covenant in a transaction (and its usually a friendly thing w the developer - see Aldi on milwaukee ave. )... and that would be covered by contract laws.
Challenge is having covenants survive the next transaction.
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Roger that. Thanks!
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1. 9 DeKalb Ave - Brooklyn, NYC - SHoP Architects - Photo
2. American Radiator Building - New York City - Hood, Godley, and Fouilhoux - Photo
3. One Chicago Square - Chicago - HPA and Goettsch Partners - Photo
4. Chicago Board of Trade - Chicago - Holabird & Root - Photo
5. Cathedral of Learning - Pittsburgh - Charles Klauder - Photo
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