Chicago Real Estate News & Neighborhood Notes

One of the most ambitious new projects in recent memory is reportedly in the works, and it’s a development that could drastically alter the lakefront landscape as we know it. According to a report from Crain’s, plans could potentially call for a mix of residential, office, and retail space that would encompass roughly 34 acres OVER the railroad tracks just west of Solider Field.

As mentioned in the Crain’s report, Wisconsin developer Bob Dunn, along with Chicago developer Gerald Fogelson, who purchased the air rights over the railroad tracks over 20 years ago, are part of the development group leading the effort, and their proposal will also be presented to the public by Alderman Pat Dowell, whose ward includes the development site.

If approved, the new railroad project would add to a growing list of major South Loop developments coming through the pipeline, which includes NEMA and of course Related Midwest’s megadevelopment called The 78.