Two former business partners of the celebrity Jay-Z are gearing up for a $180 million project on a site along the east bank of the Chicago River, across from the old Main Post Office, betting the white-hot demand for downtown apartments will continue.
A venture that includes New York entrepreneurs Arnold “Alex” Bize and Naum Chernyavsky hopes to building two towers totaling at least 700 units on a 1.9-acre parcel along the river at Harrison Street, Mr. Chernyavsky said.Ok, so doesn't really have much to do with Jay-Z besides an old business relationship, but it's good to hear there may be progress at this site. Judging by the rest of the article it sounds like there is still a ways to go for the project (zoning hurdles still need to be cleared).
Anyway, last we heard the land was serving as a temporary set for the blockbuster film Divergent.
Regardless, it gives us a reason to post a Jay-Z video in honor of this story.... Jigga Man:
(Hat tip: JJ & AR!)