https://www.bizjournals.com/chicago/news/2023/05/23/marshaling-yards-developers.html
Brief article today with some anonymous developers kvetching about GRIT/Farpoint's inaction at the McCormick Marshaling Yards site.
I'd love another developer to step in if they can get it done, but the idea that this is a slam-dunk project is laughable. Any developer, whether it is GRIT or someone else, would either need to build a deck over the marshaling yards at a tremendous cost, or find another enormous nearby site to park all those trucks and somehow get the neighbors to agree to all those extra truck trips through their community. It's a tremendous challenge.
Clearly GRIT's strategy is to build their Bronzeville Lakefront development and hopefully build enough buzz/demand in this area that a very expensive deck project becomes feasible. This is a long shot - South Loop has far stronger demand, and even there Bob Dunn can't find a way to pay for his deck without billions in state subsidies. I doubt any other developer could do better. The odds are 90% or greater that this site remains a parking lot for at least another decade or two. The fact that none of the three complainers in the article was willing to mention their names is telling.