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Going Once, Going Twice

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Bank of America—spending a mere $100 million—has officially taken over the ownership of the ill-fated Block 37 on State Street, ending developer Joseph Freed and Associates' ties to the property. The sheriff’s auction of the four-level mall, held at the Daley Center on Wednesday, was an “informal affair that took place around a copy machine,” according to the Chicago Tribune. After almost 20 years of planning, missteps, and construction, Block 37 opened to the public right before Thanksgiving in 2009. Today the building houses several big-name tenants such as Puma, Anthropologie, and the Disney Store, but most of the mall sits empty, especially on the upper floors. The sale is expected to be approved by a judge in the coming weeks. [Chicago Tribune]

Block 37

108 N State Street, Chicago, IL 60602 Visit Website