December 8, 2010 (CHICAGO) Irish developer Garrett Kelleher's company has lost control of the site where he wanted to build the 2,000-foot-tall Chicago Spire. Spanish architect Santiago Calatrava's spiraling tower would have been the tallest building in North America, but it fell victim to the economic downturn.
The Chicago Tribune reports that a Cook County Circuit Court judge has granted a request by the Anglo Irish Bank Corp. Ltd., the lender to Kelleher's company, and has appointed a receiver for the site at 400 N. Lake Shore Drive.
Meanwhile, two local firms have purchased the delinquent property taxes on the site.
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