Summary
DEARBORN -'For Sale' signs bearing the phrase "The Dream is Over" have been posted on multiple Downtown West Dearborn buildings owned by developer Hakim Fakhoury.
"It's not just his fault. The capital market at this time is really tough," O'[Reilly] said. "Nobody doubts his sincerity, but it was all based on capital... There was nobody who would come in and do financing on student housing."[Fakhoury] owns several large properties along Michigan Avenue and the 'For Sale' signs are posted on multiple buildings, but the city's involvement, O'Reilly said, was limited to the one block between Military and Howard.See the full content of this document
Extract
Developer Pulls Out of West Dearborn Project
DEARBORN -'For Sale' signs bearing the phrase "The Dream is Over" have been posted on multiple Downtown West...
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