Construction of the first phase, which includes an office towerfor CBS 2 Chicago Broadcast Center and Morningstar Inc., began inNovember 2005. With the foundation and concrete slabs supportingthe tower at 75% complete, the tower will begin to take shape inOctober.

The development, formerly known as Block 37, will featureapproximately 400,000 sf of retail, entertainment and diningofferings; 200,000 sf to 450,000 sf of office space, a 200- to300-room hotel, a 200- to 300-unit residential tower, and a CTAtransit station providing service to Chicago's O'Hare and Midwayairports.

The company has been exploring a sale after it was announced thecompany was under investigation by the SEC for accounting flaws.June 14 was the final day companies interested in either buying orinvesting in the Mills Corp., a REIT that controls 42 regionalmalls. According an SEC filing, it had entered into confidentialityagreements with more than 30 potential buyers and investors.Vornado Realty Trust and the Westfield Group have been mentioned aspossible suitors.