Urban Real Estate

South Side Lakefront Site To Be Redeveloped

South Side Lakefront Site To Be Redeveloped

After a joint venture fell apart last year, it looks like a buyer has emerged that plans to build what amounts to an entire new neighborhood on the south lakefront.

US Steel is selling their former South Works site (the plant closed in 1992), a 430 acre piece of vacant land on the far South Side. A joint venture between Barcelona Housing Systems and WELink is buying the site and plans to build up to 12,000 new homes there.

Read more about the latest plan at Curbed Chicago here.