Brokers and consultants in a position to know tell GlobeSt.com Chicago developer Michael Murray, a principal at Churchill Development Group LLC, and local developer Craig Ustler are favorites to win the contract. City officials are expected to select the developer by Nov. 1.
Other bids the city is studying come from the local office of Lincoln Property Co. and David Eichenblatt, an Atlanta developer who this year successfully converted the former Harley Hotel into the Metropolitan, a sold-out, 250-unit condo community directly across from Lake Eola Park.
City officials and staffers declined to disclose details on the proposed high rise which is planned on a city parking lot, four blocks from the Vue, a proposed 35-story, $85-million condo-retail undertaking at Rosalind Avenue and Robinson Street.
Murray's Churchill Development Group and Westminster Partners, another Chicago developer, are building the Vue. They expect to close on the purchase of a 1.7-acre site on the southwest corner of Rosalind and Robinson in December, as GlobeSt.com previously reported.
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