Article: Supervisors favor plan for Park East Square; Panel backs $65 million project

The first project slated for the vacant lots created when the Park East Freeway was demolished received a key endorsement Monday from a County Board committee.

The Committee on Economic and Community Development unanimously recommended approval for the $65 million proposal, which calls for two hotels totaling 224 rooms; 105 apartments; and about 6,900 square feet of retail space.

Site development for the long-delayed project, known as Park East Square, is to begin immediately after the county-owned parcel is sold. Chicago developer Richard Curto said he planned to complete his $2.73 million land purchase by November.

The board in 2005 approved the sale of the 2-acre lot, bordered by N. ...

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