(619) 641-1141
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A 7.7 acre parcel of land in Chicago, Illinois, entitled for a mixed-use infill development commonly known as New City. The proposed development included a 216,510 square foot hotel with 2 stories of retail space, a 267,818 square foot mixed-use retail and residential building, a 222,314 square foot retail building, two 7 story residential buildings, a plaza, and a 7 level parking garage.

Project Description

Douglas Wilson Companies , agent for Receiver, was charged with preserving and maintaining the asset.

Scope of Work

We serving as Receiver, managed the preservation and maintenance of the New City property while ensuring all development entitlements and approvals remained intact. The team reviewed and analyzed planning and permitting records, coordinated appeals for property tax assessments from 2008 to 2011, and collaborated with the Chicago Department of Health regarding the site’s environmental materials. Additionally, DWC engaged top Chicago real estate brokerage firms to position, market, and sell the property strategically.

Project Resolution

The Receiver was discharged.   

Project Name

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Client

Circuit Court of Cook County, Illinois; County Department, Chancery Division

Location

Chicago, IL

Service Provided

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Warner Atriums
All Projects
U.S.S. Midway Museum

    Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.

    ADDRESS

    1620 Fifth Avenue
    Suite 400
    San Diego, California 92101

    PHONE

    (619) 641-1141

    EMAIL

    info@douglaswilson.com