Inside the Spire's Demise

Midwest

(courtesy Business Week)

The Chicago skyline is one of the most impressive in the country. Those who dreamed of a twisting new tower at its pinnacle, however, will have to turn to new skyscraping schemes. The Anglo Irish Bank is seizing control of the stalled Chicago Spire’s site from Shelbourne Development. This detailed feature on the rise and fall of Santiago Calatrava’s unbuilt tower in the Irish Independent calls the project’s developer, Garrett Kelleher, emblematic of the jet-setting “Irish Tiger.” In today’s real estate environment, that label sounds more like slur than a compliment.

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