11/13/2013 03:42 pm ET

Chicago Spire Developer Hopes To Revive Project

Tom Ravenscroft/Flickr

The bankruptcy battle over the failed Chicago Spire is moving from Delaware to Chicago under an agreement that also gives the project's developer until mid-March to come up with a plan to pay off its creditors.

Garrett Kelleher, the Irish developer who planned to build the 2,000-foot-tall condominium tower, is feeling confident he can meet that deadline and restart the project, said his lawyer, Thomas Murphy. Mr. Kelleher is in discussions with deep-pocketed investors interested in providing financing, he said.

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