Quote:
Originally Posted by marothisu
Public parking lot at 1322 S Michigan Ave was just sold for over $8M a few weeks ago. Hope they build something there of note..
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Are you sure on that price?
There was a PD slapped on that land 4-5 months ago, and that was the money making parcel.
500 units, 19.5, FAR 513 ft.
$8 mil only works out to $16 a buildable ft.