Major land deal off Magnificent Mile announced.CHICAGO--(BUSINESS WIRE)--May 29, 1997--Development Management Group Inc. announced today that they have contracted to purchase land from the American College of Surgeons This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , off Chicago's Magnificent Mile. The deal is for the 26,700 square foot parcel located at 55 East Erie Street. The terms of the transaction were not disclosed. Options for developing the parcel are being explored. Louis R. Silverman, a principal with the Development Management Group, said, "The character of the neighborhood, its rich history and the economic potential of this site makes this an exciting and rare opportunity. We are committed to a development plan that is balanced while fully realizing this potential." Founded in 1972, Development Management Group Inc. (DMG (Disk iMaGe) The file format used in the Macintosh for distributing Mac software. Mac install packages appear as a virtual disk drive on the Mac as if you had inserted a CD or floppy disk. ), is one of the leading real estate companies in Chicago. DMG is the umbrella corporation for a group of seven interrelated in·ter·re·late tr. & intr.v. in·ter·re·lat·ed, in·ter·re·lat·ing, in·ter·re·lates To place in or come into mutual relationship. in companies that specialize in land acquisition and development, construction, property management, sales, leasing and building rehabilitation. The company is responsible for developing key Chicago landmarks, including The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , The Newport, Heritage Condominia, Hedgerow hedgerow Fence or boundary formed by a dense row of shrubs or low trees. Hedgerows enclose or separate fields, protect the soil from wind erosion, and serve to keep cattle and other livestock enclosed. and Lake Shore Manor, among many others. CONTACT: Din & Pangrazio Inc., Chicago Brian Connolly, 312/807-3601 |
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