Donald M. Biernacki
Donald M. Biernacki

在许多城市,商业成矿ding came to a virtual standstill after 2007’s financial collapse. Four years later, a mothballed skyscraper in downtown Chicago was still standing as a towering reminder of the Great Recession.

“经济是可怕的,”开发商Relide Midwest高级副总裁Donald M. Biernacki反映。“我认为您没有比那26个混凝土和生锈的钢的故事更清楚地了解正在发生的事情。”

ENR's Top 25 Newsmakers Icon当它在2011年收购该物业时,相关中西部承担了很大的风险,其中包括超过1亿美元的留置权,这些留置权已超过十二家公司对该建筑物提出。开发商提出了一种优雅的解决方案,以形成一个使留置权持有人坐在桌子上的业务实体,而不是试图在法庭上与他们作战。

Huen Electric的董事长兼创始人迈克尔·休斯(Michael Hughes)说:“进展非常好。”休斯补充说,“唐没有撕毁结构并重新开始,而是看到了从中做出一些东西的有效性。”

The building went through a complete redesign that required tricky construction work, led by Lendlease. The project emerged, in 2014, as OneEleven, a 60-story, high-end apartment tower with 504 units. Later that year, Related Midwest sold it for a cool $333 million. On a per-sq-ft basis, it is believed to be the highest price paid for an apartment tower in the Windy City.

Related Midwest might have kept the building, but the developer needed to pay off its partners. “The money came rolling in, and we were all tremendously happy with the outcome,” Hughes says.


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