Quote:
Originally Posted by photoLith
Why the crap is that land still vacant after all this time. I would have thought it would have started to get developed decades ago.
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I don't think a lot of those high rises nearby in the South Loop were there even 20 years ago. Downtown Chicago has boomed since 2000 and someone bought all 62 acres of this land in 2002, but sold it in 2007. Then I think 2016 you have Related enter the mix while the buyer from 2007 is still a minority partner. This is the southern edge of what would be considered downtown. It's sold as 1 thing though. If little parcels were for cake instead, I'm sure there would be some stuff there now here and there. The entire thing was used as railroad land from the late 20s through the late 60s. Before that, the Chicago river actually cut through the land.
It's a huge site though, more than double the area of Hudson Yards. Hopefully Related can make sure this happens, but it's going to take 15+ years to complete (Hudson Yards total development is 12 years).