Jay-Z's Former Business Partners to Develop Two Towers in South Loop

South Loop riverfront development news involving the self proclaimed "Greatest Rapper of All Time" (via chicagorealestatedaily.com):

Two former business partners of the celebrity Jay-Z are gearing up for a $180 million project on a site along the east bank of the Chicago River, across from the old Main Post Office, betting the white-hot demand for downtown apartments will continue. 

A venture that includes New York entrepreneurs Arnold “Alex” Bize and Naum Chernyavsky hopes to building two towers totaling at least 700 units on a 1.9-acre parcel along the river at Harrison Street, Mr. Chernyavsky said.

Ok, so doesn't really have much to do with Jay-Z besides an old business relationship, but it's good to hear there may be progress at this site.  Judging by the rest of the article it sounds like there is still a ways to go for the project (zoning hurdles still need to be cleared).

Anyway, last we heard the land was serving as a temporary set for the blockbuster film Divergent.

Regardless, it gives us a reason to post a Jay-Z video in honor of this story.... Jigga Man:


(Hat tip:  JJ & AR!)