Block 37
development in Chicago

108 North State Street, often referred to as Block 37, is a shopping mall and development situated in the Loop area of downtown Chicago, Illinois. This site is defined by the square block bordered by West Randolph Street, North State Street, West Washington Street, and North Dearborn Street, originally designated as one of the city's 58 blocks. While the above-ground redevelopment has been finished, construction on an underground station was halted, leaving it only partially completed.
The previous buildings on the block were demolished in 1989 for a hotly contested redevelopment plan under the then Chicago Mayor Richard M. Daley. The debates included the demolition of the Chicago Landmark McCarthy Building, which proceeded after the Illinois Supreme Court decided private preservation groups did not have standing to challenge the city's decision.
After the site was cleared, the original redevelopment plan collapsed, along with several others that followed. Mills Corporation began construction in 2005, but its previous financial struggles cast a shadow over the project. This troubled history, coupled with a shifting economic landscape, led to delays in 2006 as contractors hesitated, fearing they might not be compensated. By November 2009, the developer was declared in default, prompting CB Richard Ellis to step in as receiver. The project was then taken over by Joseph Freed and Associates LLC, but in 2011, Bank of America foreclosed on the property, ultimately selling it to CIM Group in 2012.
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This entry incorporates text from “Block 37” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.