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Chicago Sun-Times
Chicago Sun-Times
National
David Roeder

The Crowns hold out for a jewel on vacant downtown property

A rendering of the building planned for 130 N. Franklin St. (Krueck Sexton Partners)

Chicago’s billionaire Crown family hasn’t made many unfortunate moves in business. Arguably, one of their worst has involved a vacant half-block portion of downtown Chicago.

It runs along the west side of Franklin Street between Randolph and Washington streets. It’s been barren for decades except for a surface parking lot on the northern part, now a rarity for the Loop. So over the years, it’s produced a trickle of income for the family.

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