Major development planned for Chicago's South Side
Posted July 31, 2017 11:00 pm
As many as 20,000 modular homes, a plant to build them and a new "lakefront city" around it could rise on the site of what Mayor Rahm Emanuel calls Chicago's "industrial past": the old U.S. Steel South Works plant.
After a lengthy bid process and months of negotiations, Emanuel and Emerald Living on Tuesday announced a "purchase and sale agreement" that will allow the "green tech development company" to acquire the 440-acre lakefront site from U.S. Steel.
That triggers a five-month window for developers to conduct an "environmental review' of the massive site and close on the sale.
For more, check chicago.suntimes.com.