Coloring An 'Empty Canvas': Chicago's South Loop VisionIn Chicago, global developer Related Midwest reveals it will take its time to develop a "city within a city" on a 62-acre parcel of land along the Chicago River. The project is described as "one of the most ambitious developments ever conceived in Chicago," and would include more than 10 million sq. ft. of residential, office, hotel and retail space on the site south of Roosevelt Rd., that would eventually link Chinatown and the South Loop. One of the points of emphasis around this project is that Related Midwest plans to install pop-up food trucks and other temporary elements to lure people to the site during the redevelopment phase. It's all part of interim brownfield strategizing. One member of the Related Midwest development team said that the interim destination components are being installed to generate interest and bring people to the site if for no other reason to get them…Log In to Read Full Article
RACER Trust’s Proving Ground Stimulates Efficiency
Judge Robert Gerber, sitting in the U.S. Bankruptcy Court for the Southern District of New York, signed an order in effect creating RACER Trust in March 2011. RACER — for Revitalizing Auto Communities Environmental Response — was handed a portfolio of more than 300 properties scattered over 89 locations in… Read more
Water, Water Everywhere?
While in the following pages I will recount a number of serious localized water shortages, I can tell you at the outset, this will not be another gloom-and-doom scenario to which you are treated daily in your local and national news sources. Now, in my 54th year of professional effort… Read more