A quick lesson on Block 37.
The block bordered by Washington, Randolph, State and Dearborn streets in Chicago could only be described as star-crossed. Twenty years ago, the buildings on this block were cleared for a major re-development effort. Twenty years and several development schemes later, the complex is still not open. It was supposed to open by Thanksgiving. But a new legal dispute between the building developer and Bank of America, the primary funder, is holding up the opening day.
Why do we care?
Beneath, Block 37 is a busy portion of the Chicago Pedway System. For more than a decade parts of the pedway have been under construction with the full pedway almost never open to the public. As Crain's Chicago Business today reported, the legal dispute may hold...