Photo taken in 1988 by Orkent Associates, INC. Photo taken in 2013 by Orkent Associates, INC
MaRous & Company was engaged by several owners of properties that were located in the South Loop in proximity to McCormick Place and that were being acquired by eminent domain for the construction of a convention hotel. A major issue involved the highest and best use of the properties, which was reflected by the estimated market value. With the downturn in the economy, the condemning body, the Metropolitan Pier and Exposition Authority (McPier), subsequently abandoned the acquisition. As of summer 2013, McPier once again was taking steps to acquire certain of these parcels.