Chicago to Get a Brand New Neighborhood

More than 100,000 people recently attended the Dave Matthews Band Caravan — a three-day summer concert tour of 39 bands — in an empty, 470-acre site of prairie land along Lake Michigan on Chicago's South Side.

That site, which used to be occupied by the U.S. Steel's South Works manufacturing plant, could someday be an entirely new Chicago real estate community.

Though, not immediately.

U.S. Steel, which still owns the land, has teamed up with a Chicago real estate developer to turn the lakefront property into a LEED-certified community with single-family and high-rise housing, retail and commercial space, a new school and more.


While construction on the new development could begin as soon as 2013, it will likely take more than two-and-a-half decades to complete.

Want to know more? Check out our story:

Untapped Chicago Real Estate About to Bloom

And then stay tuned to Chicagoland Real Estate Forum for updates on this exciting project.