The 78

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The 78
LocationChicago
Companies
ArchitectSkidmore, Owings & Merrill
DeveloperRelated Midwest

The 78 is a proposed urban development in Chicago.[1] The name "The 78" refers to the existing 77 community areas in Chicago and the project's ambitions to increase that number by one.[2] Related Midwest will develop the site, and Skidmore, Owings & Merrill designed the project's master plan.[2] Related acquired the land in 2016. It was previously owned by Tony Rezko.[3]

If built according to plan, The 78 would be located on a 62-acre parcel of land south of the Loop and north of Chinatown. The area is bordered by Roosevelt Road on the north, Clark Street on the east, 16th Street on the south, and the South Branch of the Chicago River on the west.[1][4]

In April 2019 the Chicago City Council approved plans for The 78, including a tax increment financing agreement.[5]

Two other large-scale redevelopment projects are under development north of The 78. These are Lendlease's Southbank project and Riverline, by Chicago-based CMK Companies.[6]

References[edit]

  1. ^ a b Ori, Ryan (May 11, 2018). "No Small Plans for 62-Acre South Loop Site Along Chicago River". Chicago Tribune. Retrieved April 10, 2019.
  2. ^ a b Kozlarz, Jay (19 October 2017). "New U of I Innovation Center and 'The 78' Mega-Development Officially Unveiled". Curbed. Retrieved 30 July 2018.
  3. ^ Kozlarz, Jay (12 May 2016). "Related Midwest Finalizes Deal for Massive 62-Acre Riverfront Site". Curbed. Retrieved 30 July 2018.
  4. ^ Davis, Katherine (May 11, 2018). "Take a Look at Plans for The 78, Chicago's New Riverfront Neighborhood". ChicagoInno. Retrieved April 10, 2019.
  5. ^ Byrne, John (April 10, 2019). "City Council Approves Lincoln Yards, The 78 Deals after Developer Concessions". Chicago Tribune. Retrieved April 10, 2019.
  6. ^ Nitkin, Alex (11 May 2018). "Related Midwest's Plans for Sprawling South Loop Project Taking Shape". The Real Deal Chicago. Retrieved 30 July 2018.