Unpaid rent puts paid to sales office

 

THE LATEST TWIST in Garrett Kelleher’s Shelbourne Developments woes is that the Chicago Spire has closed its lavish sales office in NBC Tower after settling an eviction lawsuit filed last autumn by its landlord over unpaid rent.

The developer was said to have spent about $10 million to fit out the spacious sales centre on the 18th floor of NBC Tower while the landlord invested almost $350,000. The sales centre, with a model of the proposed building, overlooked the Spire’s site at 400 North Lake Shore Drive, where construction of the twisting tower halted in late 2008.