The Clare at Water Tower, a residential high-rise in the Gold Coast, has filed for Chapter 11 bankruptcy, its developer said Tuesday. The Franciscan Sisters of Chicago Service Corp. said it chose t… ...

The Clare at Water Tower is a retirement building under construction at 55 E. Pearson St. At 53 stories, the Clare stands out because it’s among the tallest residential buildings just for seniors.

Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. (Crain's) — The troubled Clare at Water Tower luxury ...

At 54 stories, The Clare at Water Tower is one of the world’s tallest senior-living residences. Located in Chicago’s River North neighborhood, the 730,000-sq-ft structure is a continuing care ...

The non-profit is part of Homewood-based Franciscan Sisters of Chicago Service Corp., which also sponsored the non-profit venture that developed Clare at Water Tower, a 248-unit luxury senior ...

The Clare at Water Tower was developed by Homewood-based Franciscan Sisters of Chicago, and the $272 million project was finalized in 2008. In September 2011, ...

CHICAGO-A troubled senior housing complex in Chicago was sold in a bankruptcy auction. A venture headed by Senior Care Development LLC of Harrison, New York, bid $53.5 million in cash for the ...

The troubled Clare at Water Tower luxury senior housing high-rise has a new ownership group that emerged Thursday from an auction in U.S. Bankruptcy Court in Chicago.

CHICAGO — The Clare at Water Tower, an upscale ­high-rise senior-living community in downtown Chicago that has struggled to meet financial ­projections due to cost ­overruns, construction ...

The Clare at Water Tower, a Chicago senior-citizen housing complex that filed for bankruptcy protection late last year, has filed a Chapter 11 plan based on the sale of its assets. The community ...

NEW YORK, April 12, 2012 /PRNewswire/ --Chicago Senior Care, LLC ("CSC"), a partnership between Senior Care Development, LLC, Fundamental Advisors LP, and Life Care Companies LLC today announced ...