Terry Savarise Of United Center And Danny Wirtz Of Chicago Blackhawks Acquire Parking Lots For $19M

The transaction involves five parking lots located at 2037, 2041, 2043 West Warren Boulevard, 2000 West Madison Street, and 16 North Damen Avenue in the Chicago market. The total sale price for the properties was $19,000,000, contributing to the broader $7 billion 1901 Project led by significant entities aiming to develop a large-scale community and commercial space in the area.

Summary of transaction details:

• Property Type: Parking Lot
• Transaction Amount: $19,000,000
• Buyer: Terry Savarise - United Center; Danny Wirtz - Chicago Blackhawks
• Seller: Joseph Feldman
• Date of Sale: 02/23/2026

This acquisition was made through an LLC associated with The United Center, indicating a strategic move to bolster land assets for future developments. The initiative anticipates the construction of 9,500 apartments, 1,300 hotel rooms, a 6,000-seat music hall, retail spaces, and parks, although the groundbreaking is currently delayed.