And with a swift, three-sentence note from a developer, a decade of hopes and dreams for a Santiago Calatrava-designed master skyscraper for Chicago has been diminished to nothing but a hole in the ground. Related Midwest, the debt holder for the site has said it is "look[ing] forward to creating an architecturally significant and thoughtful development befitting this premier location." Presumably that's one that, uh, hasn't been battered by recessions, dried-up funds, and development stalls.[Curbed Chicago]
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