Chicago Lakeside Development
Project status
The South Works site has been vacant since 1992, when Pittsburgh-based U.S. Steel closed its plants. September 15, 2010 Chicago Plan Commission approved the project . Chicago Lakeside Development, LLC a joint venture between McCaffery Interests and United States Steel Corporation are developing the development. Phase I of Chicago Lakeside Development includes a mixed-use shopping and residential district known as The Market Common with construction to begin in 2012. The project was estimated to generate more than 1,500 temporary construction jobs and 1,000 permanent jobs when complete . In February 2016, McCaffrey announced that U.S. Steel had declined to proceed and the project as cancelled, but they would proceed with the project if U.S. Steel was willing to sell the land.