Tony Rezko

In South Loop, plans for city within the city begin taking shape

In South Loop, plans for city within the city begin taking shape

A year after grabbing control of the largest undeveloped site in downtown Chicago, Related Midwest is thinking big while taking it slow.

Over the next two decades, the developer envisions creating a city within the city on the 62-acre parcel along the Chicago River, south of Roosevelt Road, that eventually will link the South Loop and Chinatown. It is one of the most ambitious developments ever conceived in Chicago.

More than 10 million square feet of residential, office, hotel and retail space could rise on the site, a project likely to cost at least $5 billion — and potentially much more — completed in several phases, Related Midwest President Curt Bailey said.

The...

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