Starwood poised to foreclose on Michigan Avenue retail space – The RealDeal*

The Loop’s retail vacancy rate climbed to more than 28% last year, according to a March analysis from Stone Real Estate, up from 27% in 2021 and 15% in 2019, showing that the retail vacancy rate has decelerated since ballooning in the immediate aftermath of Covid shutdowns.
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debtsor
3 years ago

What a legacy, Lori! 2020’s Summer of Love, bookended by two massive looting sprees destroyed Michigan Ave for a generation! This building in question was built 100 years ago, in 1923, and Lori managed to destroy it. Congratulations!

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