CHICAGO (CBS) — The former John Hancock building could be getting its old name back.
Real estate firm Sterling Bay had a contract to buy the building at 875 N. Michigan Ave. for more than $300 million. The company removed the John Hancock name from the building earlier this year.READ MORE: Preparation Work Begins In Jackson Park Ahead Of Fall Groundbreaking For Obama Presidential Center
But Sterling Bay now says the deal has been terminated.READ MORE: Bell-Ringing Ceremony Honors Chicago Firefighter Edward Singleton
That means the 100-story skyscraper and its naming rights are back in the hand of longtime owner Hearn Company.MORE NEWS: Chicago Public Schools, Chicago Teachers Union Continue Negotiations Regarding COVID Safety