Browsing: Business

“This (site) will get built, whether it’s built by us or if for whatever reason we are not awarded the casino, it’ll be built by other developers,” Soo Kim, chairman of Rhode Island-based Bally’s, told the audience. “That traffic is coming. Our site, not only is it reductive … it also gives the most amount of flexibility in terms of how we move the traffic around the entire 30 acres.”

A sold sign is shown in front of a home, Monday, Sept. 20, 2021, in Surfside, Fla. Average long-term U.S. mortgage rates edged up again this week as the key 30-year loan rate hit its highest mark in more than three years. The increase comes a few weeks after the Federal Reserve raised its benchmark interest rate by a quarter point in an attempt to tamp down four-decade high inflation. (Wilfredo Lee/AP)

Water Tower Place has faced significant challenges over the last several years. In January 2021, the mall’s anchor tenant, Macy’s, announced it was vacating its space in the mall, leaving more than 300,000 square feet empty for the first time since the mall opened in 1975. The department store opened that year as Marshall Field’s; it had operated under the Macy’s name since 2006.

Through a land trust, the Collitons paid $1.63 million in 2019 for the 11-room house in Lakeview, which was built in 2008. Located on a cul-de-sac, the house has 4-1/2 bathrooms, three gas fireplaces, hardwood floors, a third-floor office and media room, a playroom on the lower level, and an attached and heated, two-car garage. Outside are three decks with new composite decking, and snow melt for both the new front steps and the driveway.