The 34-acre One Central project still faces opposition, but an extension on a federal loan application could give it a much-needed boost.
The Real Deal reports that the One Central megadevelopment project in Chicago’s South Loop is not dead yet after the deadline to apply for a federal loan was extended from December 31 to September 30.
"One Central’s plans call for a $20 billion mixed-use complex, including a series of residential and office high-rises, and transit center connecting the Chicago Transit Authority’s el, Amtrak and Metra lines in a structure with a parking garage and retail space."
Governor J.B. Pritzker has signaled that he backs the One Central project, but it does not have the support of local officials and area residents. Mayor Lori Lightfoot has been critical of Landmark Development’s lobbying efforts. "South Loop residents have expressed concern over the project’s size and access to the lakefront, among other things."
FULL STORY: The proposed $20B megadevelopment One Central is back from the dead
Phase 1 Revealed for $20 Billion Chicago Megaproject
Plans for One Central, a proposed megadevelopment that would add 22.3 million square feet of buildings to the city of Chicago, are taking shape.
Proposed Mega-Development Would Expand Chicago's Skyline
The One Central development would transform 34 acres over Metro tracks near Soldier Field.
Commentary: A Vision for Responsible Neighborhood Revitalization
The first project under Chicago’s Woodlawn Housing Preservation Ordinance is taking shape, aiming to bring new housing and retail to the neighborhood while avoiding displacement.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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