CHICAGO, IL—The River City Condo Associationagreed to a bulk sale of all 449 residential units at 800S. Wells Street to a newly formed joint venture amongThe Wolcott Group, Marc Realty, RuttenbergGordon Investments and funds managed by ElliottManagement Corporation. The transaction makesRiver City the largest condominium deconversion inChicago history.
The new owner plans to transform the building with a fullredesign and renovation of the lobby, common areas, residentialunits, and the retail components of the property.
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