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Developer Buys Chicago Property Even After Withdrawing Plans

Newcastle Picks Up Site of One of the City’s Last Barnes & Noble Bookstores
Newcastle paid $61 million for 1130 N. State St. despite having had to pull plans for a 39-story multifamily tower two months ago. (CoStar)
Newcastle paid $61 million for 1130 N. State St. despite having had to pull plans for a 39-story multifamily tower two months ago. (CoStar)
By Jennifer Waters
CoStar News
November 27, 2019 | 11:09 P.M.

A division of Newcastle purchased the two-story Barnes & Noble site in downtown Chicago’s affluent Gold Coast neighborhood that it had created and pulled development plans for earlier this year.

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