The community development commission recently rejected the two proposals for the property, from De La Salle Institute, as well as the former owner, Feiyun Chen. Both agreed to pay the city's asking price of $635,000 for the half-acre site and build mixed-use projects. The purchase price represents the city's cost of acquiring the property.

De La Salle Institute, which has its Catholic boy's high school at 3434 S. Michigan Ave., first planned to re-use the building as part of a redevelopment that included a new high school, says Audrey Mathis of the Department of Planning and Development. De La Salle Institute also has more development experience than Chen, whose own plans hinged on acquiring neighboring property.

However, De La Salle Institute has since revised its plans to include demolition of the vacant building as well as a lower price, Mathis says. As a result of the change, the department of planning and development will continue to market the property, Mathis says. De La Salle Institute remains interested in the property, she adds, encouraging news to at least one member of the community development commission. "They've been there 100 years," says Clyde Martin.