Chicago Lakeside Development was a proposed redevelopment of about 600 acres on the former U.S. Steel SouthWorks site on the
South Side of Chicago
The South Side is an area of Chicago, Illinois, U.S. It lies south of the city's Loop area in the downtown. Geographically, it is the largest of the three sides of the city that radiate from downtown, with the other two being the north and we ...
, lying about south of the
Chicago Loop
The Loop, one of Chicago's 77 designated community areas, is the central business district of the city and is the main section of Downtown Chicago. Home to Chicago's commercial core, it is the second largest commercial business district in Nort ...
. The plan calls for 13,575 new homes, of retail and other commercial space, a new high school, 1,500-slip marina, 125 acres of public land, lakefront access, new bike paths, and commuter rail and bus service would house 150,000 people. The Chicago Lakeside Development Master Plan will take an estimated 25 to 45 years to complete and will cost more than $4 billion in both public and private funds. The project was placed on indefinite hold in February 2016.
Project status
The South Works site has been vacant since 1992, when
Pittsburgh
Pittsburgh ( ) is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County, Pennsylvania, Allegheny County. It is the most populous city in both Allegheny County and Wester ...
-based
U.S. Steel closed its plants. September 15, 2010 Chicago Plan Commission approved the project . Chicago Lakeside Development, LLC a joint venture between McCaffery Interests and United States Steel Corporation are developing the development. Phase I of Chicago Lakeside Development includes a mixed-use shopping and residential district known as The Market Common with construction to begin in 2012. The project was estimated to generate more than 1,500 temporary construction jobs and 1,000 permanent jobs when complete .
In February 2016, McCaffrey announced that U.S. Steel had declined to proceed and the project as cancelled, but they would proceed with the project if U.S. Steel was willing to sell the land.
See also
*
Sandi Jackson
Sandra Lee Jackson (née Stevens; born September 14, 1963) is an American politician. She was elected to the Chicago City Council as an alderman of the 7th ward of the City of Chicago in the 2007 municipal elections held on February 27, 2007. She ...
*
United States Steel Corporation
United States Steel Corporation, more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, with production operations primarily in the United States of America and in several countries ...
Ramboll's project description
References
External links
*https://web.archive.org/web/20140301001656/http://chicagolakesidedevelopment.com/
*http://www.mccafferyinterests.com/
*https://web.archive.org/web/20110611062117/http://www.dmbcaravan.com/chicago-lineup/
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Buildings and structures in Chicago
Proposed buildings and structures in Illinois