CHICAGO-Following the approval of the city, plans to redevelopthe US Steel plant site on the south lakefront. The 470-acre SouthWorks site extends into Lake Michigan.

The master plan for the project was designed by Skidmore, Owings& Merrill. The $4-billion development will include 17.5 millionsquare feet of commercial and retail space, 13,575 homes for 50,000new residents, a marina and a school. The city has awarded a taxincrement financing grant of $98 million for the project.For the full story, go to New York Times. News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

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