Carlton just won a huge dispute against the Water Reclamation District. The 6 year long dispute came to a decision on
January 4 of this year and awarded Prism Development Group $36.4 million.
drawn out dispute was over an easement regarding the alley behind the Ritz Carlton Residences at 664 N Michigan Avenue and the
Water Reclamation District headquarters behind it at 100 E Erie. Although the Water District owns the alley,
Prism had an easement to use the ally, until the district kept them out with a
locked gate. Prism claimed this delayed
claims that Prism had no intention of starting construction that early, but
Prism says that that it was delayed enough to have to come up with
alternatives, costing them more money and delayed enough that even some of the
buyers have sued to get their deposits back.
began in 2006 when the Water District sued Prism over use of the alley, but
Prism countersued and won in 2008. Cook
County Circuit Court Judge, Kathleen Pantle ruled in favor of Prism on the
belief that the dispute of easement delayed construction that could have begun
in September 2007. Instead everything
was delayed until March of 2008. She
also awarded an additional $5.4 million for the increase in construction costs.
disputes are very common, especially in large cities like Chicago, however they
rarely make it to this level. Of course,
the Water District plans to appeal the decision but council for Prism believes
that they have upper hand.
Thank you, we'll be in touch!