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Chicago Lakeside Development; Transforming South Shore Lakefront

There are those who want to know more about South Shore. Part of the quest to know more is to understand its history. Conversely, the other side of the quest is to contemplate its future. It is at this crossroad that we can appreciate its current value. Part of this discussion is the development of the South Works site.

The Players - Developers - McCaffery Interests, partnering with US Steel Architects - Skidmore, Owings & Merrill and Sasaki Associates

The Plan - Project to cost over $4 Billion there’s a lot going on at this redevelopment of the former US Steel South Works Plant to say the least. A master plan for just over 500 acres of land has been prepared and includes zoning for 13,575 single-family dwellings and high-rise units, 17.5k SF of retail, the new relocated South Lake Shore Drive, 125 acres of open space/parks with bike paths, a 1,500-slip boat marina and a new high school. Aims to be Chicago’s first smart-connected city, with next-generation energy, water, waste and IT infrastructure models.

Update - US Steel's former South Works site is one of the great redevelopment opportunities in Chicago commercial real estate. Now, US Steel is allowing Cushman & Wakefield flexibility in how it sells the site, which runs from Rainbow Beach Park at 79th Street south to the Calumet River. Interested buyers can purchase the entire site, or it can be sold in four separate parcels to different buyers, Crain's reports. The piecemeal approach allows for more redevelopment options. Notably, a 128-acre parcel on the southern edge should draw interest from industrial and data center developers. Retail and multifamily are other options along the site's northern edge. Cushman & Wakefield has rebranded the site as 8080 Lakeshore and will start accepting bids this fall.

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