The Chicago Plan Commission signed off on the development in October. New construction will total 9 million square feet with buildings not to exceed 650 feet in height and a public promenade that will span the length of the site’s waterfront. Construction on the first phase, which will include four residential buildings, will begin in 2020 and could generate up to 19,000 jobs. The development could attract 7,400 residents to the previously protected industrial land.
To handle the expected increased population density, the Chicago Department of Transportation is pushing for transport infrastructure improvements, which could someday include a light-rail line connecting North Side neighborhoods and downtown commuter stations, reported the Chicago Sun-Times.
Components of this 30-acre project include:
- Up to 14 mixed-use buildings.
- 5,900 residential units.
- Retail and office space.
- 13 acres of public space.
Projects valued - $ 2.5 billion
No comments:
Post a Comment