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Brokers affiliated with Morgan Stanley then formed an LLC called "Chicago Parking Meters LLC" to facilitate a potential deal with the city over the sale of the meters. [4] By December 3, 2008, a deal was made to sell all 36,000 [5] [6] of the parking meter spots in the city for 75 years for $1.15 billion.
When you think of a relaxing, laidback and balmy place to retire, Chicago definitely doesn't come to mind. It's got a population north of 2.6 million, has infamously cold and windy winters, and a
The High Cost of Free Parking begins with a discussion of the history of automobiles and parking and how vehicle ownership rates have steadily increased over time. Shoup argues that parking is a classic tragedy of the commons problem, wherein drivers compete over scarce public parking spaces and consume time and resources searching for them.
As the name suggests, the lower portion holds a Park Hyatt Hotel, [1] while the upper levels contain luxury condominiums. The building contains 193,000 sq ft (17,900 m 2) of hotel space (202 rooms), 475,000 sq ft (44,100 m 2) of residential space, 20,000 sq ft (1,900 m 2) of retail, and 92,000 sq ft (8,500 m 2) of parking. Levels 9, 19, and the ...
The Magnificent Mile (also The Mag Mile) is a section of Michigan Avenue in Chicago devoted to retail, dining, hotels and tourist attractions. Running from the Chicago River to Oak Street in the Near North Side, [1] the district is located one block east of Rush Street and is the main retail corridor between the Loop and Gold Coast. [2]
455 North Park Drive or Loews Hotel Tower, also known as Loews North Park Drive, is a 54-story 569 ft (173.4 m) tall skyscraper located at 455 North Park Drive in Chicago, Illinois that is owned by Loews Hotels. The 52-floor building has 86,121 m 2 (927,000 sq ft) of floor space. It has 400 hotel rooms, 398 rental apartments, and assorted ...
Included also are numerous religious buildings, 15 hotels, [3] and six theaters. [4] Fully 55 are located in the downtown Loop area, including the Loop Retail Historic District itself. Chicago is a historic and continuing world port city due to its location on the Great Lakes, which has an outlet to the Atlantic Ocean via the St. Lawrence Seaway.
Marina City is a mixed-use residential-commercial building complex in Chicago, Illinois, United States, North America, designed by architect Bertrand Goldberg.The multi-building complex on State Street on the north bank of the Chicago River on the Near North Side, directly across from the Loop, opened between 1963 and 1967. [1]
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