Chicago keeps emerging as a major eco-friendly hub, fostering great restoration projects and outstanding new developments. Though there is a long path to full recovery, the housing industry is gaining strength and abounds with projects that boast green features and eco-friendly attributes, key elements in achieving long-term sustainability for our communities.
Chicago Lakeside, a development on the southeast side of Chicago, was recently named among the winners of a prestigious global honor presented to 100 world leading projects and undertakings by the United Nations at its Rio+20 conference in Rio de Janeiro.
Led by McCaffery Interests, Inc., in a joint venture with U.S. steel, the endeavor consists of a master-planned, 600-acre mixed-use development located on the former U.S. Steel South Works site. Due to its size and proximity to downtown (around 10 miles), the redevelopment of this prime piece of real estate is expected to generate great economic growth and become a catalyst for the rebuilding of the entire southeast lakefront of our Windy City, according to an MHN story.
The community shall contain over 15,000 residential units and more than 15 million SF of retail restaurants, commercial, institutional and research and development facilities. The whole upscale living experience will be enhanced by the use of advanced clean energy technologies, excellent access to transportation, creation of compact and safe neighborhoods, and innovations in water stewardship – all distributed through an intelligent ICT network.
“McCaffery Interests is proud of the partnership it has worked to create between Chicago Lakeside, U.S. Steel and the City of Chicago under the leadership of Mayor Emanuel. The collaboration between the city and our international team of experts is unprecedented said McCaffery Interests’ Founder, Chairman and CEO Daniel McCaffery in a release. “I am thrilled that this new way of thinking builds on Chicago’s already strong reputation as a leader in green-tech, clean-tech solutions.”
Catch a glimpse of this innovative development by watching the video below: