Park Michigan was a proposed 80 story skyscraper in Chicago

Chicago

Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...

, Illinois

Illinois

Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...

 designed by Pappageorge/Haymes, Ltd. Its location is a street level parking lot at the northeast corner of Wabash Avenue and 9th Street. As part of the planned project, the former YWCA located at 830 South Michigan Avenue, also the official address of Park Michigan, would be gutted and turned into a restaurant.

On February 15, 2008, a foreclosure

Foreclosure

Foreclosure is the legal process by which a mortgage lender , or other lien holder, obtains a termination of a mortgage borrower 's equitable right of redemption, either by court order or by operation of law...

 lawsuit was filed by Hermes Capital LLC after a loan default in December 2007 by Developer Renaissant Development Group. Hermes is run by Demetris Giannoulias (brother of Alexi Giannoulias

Alexi Giannoulias

Alexander "Alexi" Giannoulias is an American politician who served as Illinois Treasurer from 2007 to 2011. A Democrat, Giannoulias defeated Republican candidate State Senator Christine Radogno in November 2006 with 54 percent of the vote, becoming the first Democrat to hold the office in 12...

).