CHICAGO-Thresholds, a Local not-for-profit mental healthcare provider, has shown interest in purchasing the 19 unsold units of 237-unit condominium complex at 659 W. Randolph Street in the West Loop. Chicago-based Mesirow Financial is the owner of the complex.
Thresholds would purchase each unit for about $125,750, according to the ordinance proposed by the Mayor Richard Daley. Mesirow's realty division plans to convert those 19 units into housing for improving mental-health patients. However, the condo association is not yet reviewed the proposal. For the full story, go to Crain's Chicago Business.
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