Thursday, October 24, 2013

Jay-Z's Former Business Partners to Develop Two Towers in South Loop

South Loop riverfront development news involving the self proclaimed "Greatest Rapper of All Time" (via
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!)

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