The Chicago Spire is a skyscraper that was under construction in the U.S. city ofChicago, Illinois, from 2005–2008. After several years of on-going financing challenges, including the recession that began in 2008 and when construction halted, in October 2010 the project has been all but scrapped. Anglo Irish Bank Corp., filing a $77 million foreclosure lawsuit against The Spire's Irish developer Garrett Kelleher, claims that loans made to Kelleher's development company, have been in default for a year. The bank is expected to take possession of The Spire site, currently a "big hole in the ground."
The building was designed by Spanish architect Santiago Calatrava and was beingdeveloped by St Patrick's Athletic owner Garrett Kelleher of Shelbourne Development Group, Inc. If completed, at 2,000 feet (610 m) and with 150 floors, it will be among the world's tallest buildings and freestanding structures. Originally proposed by Christopher T. Carley of the Fordham Company in 2005, the project was supported by many Chicagoans and city officials.