The first phase of The 78 will be a mixed-use project that at full build-out will include 1.5 million square feet of new office space. The first phase of The 78 will be amixed-use project that at full build-out will include 1.5 millionsquare feet of new office space.

CHICAGO—Related Midwest has unveiled plans for "The 78," amixed-use project that will bring 2.8 million square feet in thefirst phase of construction that will add new office, residential,hospitality and retail space to the downtown riverfront here.

The overall nearly 13-million-square-foot multi-phased projectestimated at approximately $7 billion will be built on 62 acresthat have been vacant for almost 100 years. As part of phase one,the University of Illinois System's Discovery Partners Institutehas signed a letter of intent to build a new innovation center atThe 78, on land donated by Related Midwest.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

Chicago
National
Hotels
Multifamily
Office
Retail
Capital Markets
Development
Midwest