More than six years after disclosing plans to knock down a vacant Barnes & Noble bookstore in Chicago’s Gold Coast and replace it with an apartment tower, a local developer has given up on the plan and sold the State Street site at a loss.
Property zoned for apartment tower in Chicago’s Gold Coast sells for $39 million
Convexity Properties buys State Street retail site for far below $61 million it sold for in 2019
By Ryan Ori
CoStar News
August 19, 2025 | 8:38 P.M.
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IN THIS ARTICLE
- Companies
- Newcastle Investors
Finance and Insurance
- Convexity Properties
Real Estate