Foreclosure suit filed against Block 37

October 20, 2009 4:10:46 PM PDT
The Block 37 project in Chicago's loop may have some legal trouble.Bank of America and a group of other lenders have filed a foreclosure lawsuit against the developer of the project.

The developer, Joseph Freed and Associates, said the suit is a serious breach of trust with the people of Chicago and that it will vigorously fight it.

Block 37 is scheduled to open later this fall.


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