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¡°We were all high-fiving, and then they faked it,¡± says Scott, a 29-year-old engineer who lives in West Chester. ¡°We were screaming and cursing. We all still tell that story.¡±
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Oak Street will provide $300M to fund the development, as well as a 99-year ground lease on the site, which is located near the intersection of Chicago and Halsted Street, according to a report in the Chicago Tribune. The deal includes 10 optional 20-year renewals on the lease.