In case you missed this story earlier in the week, one of the Sloop's most prominent highrises is set for foreclosure according to Chicagobusiness (via Curbed Chicago):
Word's been out a little while now that the South Loop's One Museum Park West Tower has had great difficulty closing on units. So it comes as no huge surprise that the developers, Gerald Fogelson and Ronald Shipka Sr., the brains and brawn behind(Hat tip: DP!)
the Central Station mega-project, are facing probable foreclosure action from Bank of America, to whom they owe $125 million. According to Crain's, this would be the largest foreclosure since the market bust four years ago. One Museum Park West, a 54-story high rise at the edge of Grant Park, had sold only 22% of its 298 units through the second quarter.