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    Mega Development Takes Center Stage, Shapes Chicago Real Estate Market

    Chicago has a lineup of several new mega-developments that will be neighborhood-defining projects. Chicagoans across the city will experience the look and feel of an updated landscape as the projects are spread across the city.  

    What’s New?

    Perhaps the largest, most anticipated development is Sterling Bay’s Lincoln Yards project. It is a $6 billion, 55 acre vision to turn former industrial land into a massive mixed-use campus in between Lincoln Park and Bucktown. The development is expected to take 10 years to build. 

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    Developer, Related Midwest, looks to innovate on the Southside with the 78. The project is planned to have 13 million square feet of office space, high rises up to 950 feet that include 10,000 residents and 24,000 workers. The site will also include the University of Illinois innovation center.  

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    After being split into two projects by CMK and Lendlease, The Riverline and South Bank is set to transform 14 acres of land along the Chicago river in between Harrison Street and Roosevelt Rd. The plan will include 3,700 residences in addition to retail spaces, commercial offices and water taxi stops. 

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    The former Morton Salt building will be turned into a new music venue. Local music vendors and artists partnered with developers to enhance culture in the city. BlueStar is a co-developer in the project looking to have the project completed by the end of this year.

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    Tag(s): Illinois Digest


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