It’s looking quite bad for Symmetry Property Development in Chicago.
A slew of legal problems, including a federal EB-5 fraud suit and hostility from local Alderman Brendan Reilly, mean the developer’s 60-story hotel-condo tower project in River North looks exceedingly unlikely to ever get built.
About 30 EB-5 investors in China recently walked into the Beijing office of the agent who helped raise EB-5 funds and demanded he return their investments, according to Crain’s.
Source: https://therealdeal.com/chicago/2019/09/25/chicago-eb-5-investors-irate-over-symmetry-tower-project/
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