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Originally Posted by J_M_Tungsten
Does anyone know what happened to X/O? I always thought that would've been such a great project for the south loop. Would have added much needed building density as well as people. Emporis still has it listed as being in the planned stage.
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IIRC, Kargil defaulted on their loan for the site, and on their bills to Lucien Lagrange. The Cook County Recorder of Deeds says that Kargil filed a continuing financing statement last August, so presumably Kargil still controls the site.
But they're in no position to land construction financing, since they've probably lost all of their presales. Plus, the architect is going out of business, and I'm pretty sure Lagrange never finished the construction documents.
Bottom line: nothing will happen on the site until Kargil starts from scratch.