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Developer 'sells' properties despite lack of ownership.(Urban Retail Properties Co.)
Market Place push disturbs deed holders
DOWNTOWN - The company tapped by Mayor Tom Murphy to transform the retail corridor on Fifth and Forbes avenues into a ritzy shopping, destination has assembled a color brochure marketing the $400 million project.
The catch is that Chicago-based Urban Retail Properties Co. doesn't yet own any of the properties it is illustrating in the promotional material.
"It's being marketed subject to availability," stressed Mulugett a Birru, executive director of the Urban Redevelopment Authority, the city's redevelopment arm.
He said he doesn't see anything wrong with showcasing the property if it is made clear …
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