CHICAGO-A venture headed by Frankfort-based Crown CommercialReal Estate & Development Inc. has bought an old officeproperty on North Michigan Avenue near Millennium Park with plansto convert it into a hotel. The venture paid $7.25 million to aKimco Realty Corp. affiliate for the 76,000-square-foot building at168 N. Michigan Ave.
Musa Tadros, president of Crown Commercial, plans to convert the12-story tower into a 100- to 125-room hotel. For the fullstory, go to Crain's Chicago Business .
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