Chicago hotel investor Oxford Capital Group LLC is getting ready to restart a long-stalled River North hotel project after settling a foreclosure suit against its original developer.
Oxford President and CEO John Rutledge says his firm now owns the unfinished 16-story structure at 127 W. Huron St. after reaching an amicable agreement, or deed-in-lieu of foreclosure, with a venture led by developer Duke Miglin. The project has been stalled and tied up in court since 2008, when it was hit with a $19.8 million foreclosure suit.
