Booth MBAs Set to Pitch Big Idea for Chicago’s Block 37
Booth School of Business MBAs Scott Ebbott and Matt Olsen have come up with a fresh use for the space that had been intended under Chicago’s Block 37. According to a story in Crain’s Chicago Business, the duo plan to pitch their idea to turn the space into a data center at an upcoming competition.
108 North State Street is a site currently under development as an urban center located in the Loop community area of downtown Chicago. Recently, the space has had a bit of a troubled past. The three building structure was being developed by Joseph Freed and Associates LLC, as a project inherited from the Mills Corporation. However, in 2011 Bank of America foreclosed on the property and sold it in 2012 to CIM Group. Retail development responsibilities were undertaken by Joseph Freed and Associates LLC. By February 2012, the building remained only 26 percent occupied due to the undesirability of leasing space in bankruptcy proceedings. The retail spaces remained only 52 leased at the time. Continue reading…
