Quote:
Originally Posted by ithakas
The developer passed away last year, did it have to do with that? Or just weak sales?
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....or in this case, what appeared to be realistic!
808 N Wells.
Guys - I'm assuming that this project's apparent cancellation is almost entirely due to Bill Smith's death last year. This is a smaller local developer, not a large corporate development operation. Bill Smith
was Smithfield Properties. This is the case with a lot of these small entrepreneurial players. It's likely that there is no right hand person that can smoothly take the company and pipeline projects over. There's a number of developers out there that would likely react in the same way if the principal suddenly died or decamped.
What might be interesting is if another developer would be able to swoop in and buy this thing, entitlements and architectural and engineering plans outright and relaunch it........it's possible certainly, but have no idea.....