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Land Next to 76-Story Apartment Tower in Chicago’s South Loop Handed Back to Lender

Mexican Bank Takes Back Site Next to NEMA Chicago Where Crescent Heights Had Envisioned Second Skyscraper
A development site alongside the 76-story NEMA Chicago apartment tower in the South Loop has been taken over by its longtime lender. (Emilia Czader/CoStar)
A development site alongside the 76-story NEMA Chicago apartment tower in the South Loop has been taken over by its longtime lender. (Emilia Czader/CoStar)
CoStar News
May 28, 2024 | 9:04 P.M.

A Mexican bank has seized control of a multifamily development site where a second skyscraper for years has been planned next to the 76-story NEMA Chicago, leaving an uncertain future for one of the city’s best-known — and most densely zoned — residential parcels.

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