A hardscrabble half-mile stretch along the Chicago River's South Branch would become a vibrant neighborhood of cutting-edge architecture, parks and a riverwalk in the plans a developer unveiled Thursday for the last big piece of empty land near downtown.
Developer Related Midwest plans a transformation of the vacant, relatively isolated 62-acre site into a vibrant neighborhood of homes, restaurants, cultural institutions and businesses...
— chicagobusiness.com
The currently undeveloped site along Chicago's river has been named "The 78", declaring its scale large enough to add to the city's official number of 77 neighborhoods. The site is also rumored to be a contender for Amazon's HQ2 if the city is chosen, which would require reworking current plans.
Plans for the massive development include 13 million square feet of building space for residential, office, educational and other uses. 12 acres would be dedicated to parkland or public riverwalk with a performance venue. Related Midwest stated that affordable housing was an important part of its housing development.
The new site would also extend three existing city streets through the property to create through routes for bikes. A metro stop would be added to the Red Line, as well as potentially adding a Water Taxi stop.
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