A view of the uncompleted Spire development's foundation, Sep. 17, 2010. (Chris Walker/Chicago Tribune)

Irish developer Garrett Kelleher’s company has lost control of the site on which he expected to build the Chicago Spire.

A Cook County Circuit Court judge has granted a request by Anglo Irish Bank Corp. Ltd., the lender to Kelleher’s Shelbourne North Water Street L.P., and appointed a receiver for the infamous hole in the ground that was supposed to become a twisting skyscraper addition to the city’s skyline.

Meanwhile, two local firms have purchased the delinquent property taxes on the stalled development site at 400 N. Lake Shore Drive, setting up a process for the bank or others to redeem the taxes. Get the full story »