Irish Developer Takes Over Calatrava's Chicago Project 7/23/2006
An Irish developer with 10-year history in Chicago has purchased the 2.2-acre property on the citys lakeshore just north of downtown originally proposed in August for a Santiago Calatrava-designed tower, with plans to move forward on the 124-story residential and hotel project now estimated to cost $1.2 billion.
Garrett Kelleher, executive chairman of Dublin-based Shelbourne Development Ltd. & the Shelbourne Group, acquired the property July 19, from Chicago-based LR Development Co. for $64 million, said Thomas Murphy, general counsel of the Chicago law firm bearing his name and spokesman for Kelleher.