Urban Renewal Returns!
Chicago is socked with its biggest snowstorm since 1999, and it seems we have been socked with big snows weekly all winter long. But we are also being blanketed with development. Well, development PLANS…
Developer Jerry Fogelson on his $4 B development near McCormick Place: “It’s the only vacant piece of land on Lake Shore Drive and it’s ugly. Our plan is to cover this entire area.” OOOOOKKK – works fine, unless it turns out ugly.
But it doesn’t end with the 23 acres between 14th and 22nd, because developer Draper and Kramer announced three weeks ago that they are redeveloping the 70-acre Lake Meadows complex between 31st and 35th Streets. This one is only a $1B development because they are demolishing the famous SOM towers built 50 years ago BY THE SAME DEVELOPER. The reasoning is also THE SAME as 50 years ago: gateway to the community, revitalize the area, etc. etc. And as much as preservationists and the general public lambasted the towers in the park – Lake Meadows and Prairie Shores were one of the SUCCESSFUL private urban renewal projects – even integrated, no small feat in 1960. Ira Bach’s guides to Chicago celebrated the modernist conceit of the highrise apartments by bragging that the buildings occupy only 10 per cent of the land, leaving 90 percent for open space…. Continue Reading