Alderman shoots down Realtors` development proposal

11/22/13
Alderman Reilly shoots down Realtors' Michigan Avenue proposal - News - Crain's Chicago Business
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Alderman shoots down Realtors' development proposal
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November 21, 2013
430 N. Michigan. Photo from C oStar
Downtown Ald. Brendan Reilly responded negatively to recent
news that the National Association of Realtors is considering
razing its Michigan Avenue headquarters building and
replacing it with a large mixed-use development. “As far as
I'm concerned, the project that was described in the paper
last week is not real,” Mr. Reilly (42nd) said at a recent
meeting on another downtown real estate project, according
to ArchitectureChicago PLUS, a local blog that covered the
meeting. The alderman said he would oppose any plan to
remove the Plaza of Americas just south of the Realtors
building, 430 N. Michigan Ave. “It's not for them to tear
down,” he said. “Those are all city easements under there.
And by the way, I would never let them take away the Plaza
of the Americas. It's a very important plaza to a lot of people
in Chicago. So whatever plans they want to develop, I'm all
ears, but they have not come in to share with me.” In an
email, a Realtors spokeswoman said: "Many details of the
project remain to be worked out and the decision to carry out
the development is nowhere near final. The decision by NAR's
board, which was picked up by the media, only enabled
exploration of the project to move forward." A spokeswoman
for Mr. Reilly did not return a call.
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11/22/13
Alderman Reilly shoots down Realtors' Michigan Avenue proposal - News - Crain's Chicago Business
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RUSHIM B. 19 hours ago
An unfortunate choice of words by the author of this article to say that Reilly "shot down" the
NAR proposal. What kind of journalism is this? I read Mr. Reilly's statement and came to a
very different conclusion.
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