Common goals: Rapper teams up with investors for ambitious South Works redevelopment plan

The proposal, which includes a hotel, marks at least the 3rd attempt to redevelop the sprawling former steel site since the plant closed in 1992

TRD CHICAGO /
Jul.July 29, 2019 09:00 AM
Common and the South Works site (Credit: Getty Images, Flickr via Creative Commons)

Common and the South Works site (Credit: Getty Images, Flickr via Creative Commons)

A group of development firms are joining the rapper Common to propose a $71 million mixed-use campus including a film production lot, hotels and concert venues on the 415-acre South Works site, according to the Chicago Tribune.

The development team also includes Los Angeles-based developer Sam Nazarian, entertainment management company RoadTown Enterprises, New York-based Morris Nasser and Chicago-based DL3 Realty. They envision a 128-acre film production campus with up to 20 sound stages, plus a sports and recreation complex affiliated with pro golfer Greg Norman.

The group is not under contract to buy the massive former home of the U.S. Steel manufacturing campus, but its members plan to meet with city planning officials before the end of summer to discuss their plans. Any proposal would need city zoning approval and the support of Aldermen Greg Mitchell and Sue Sadlowski-Garza, whose wards cover the property.

The plan is at least the third shot at redeveloping the property since the steel plant closed in 1992. Most recently, Irish developer Emerald Living folded up its ambitious proposal to build up to 20,000 homes on the site.

South Works is one of five sites being considered as a potential home for the forthcoming Chicago casino.

[Chicago Tribune] — Alex Nitkin


Related Articles

arrow_forward_ios
Steel South Works Site (Credit: Google Maps, iStock)

Attention, developers: 415-acre South Works site could get split up

One Central megadevelopment in South Loop

The proposed $20B megadevelopment One Central is back from the dead

DL3 Managing Partner Leon Walker  and 11840 South Marshfield Avenue (Credit: DL3 Realty and LoopNet)

DL3 Realty partners with Blue Cross on 128K sf deal to revitalize South Side neighborhood

John Buck (inset), Michael Shvo and 333 South Wabash Avenue (Credit: TJBC)

Michael Shvo-led group buying “Big Red” office tower for $370M

628 Harrison Street and 922 North Boulevard in Oak Park (Credit: Google Maps, Realtor.com)

Two condo deconversions close in Oak Park

Frank Lloyd Wright and (from top) 301 S. Kenilworth Ave., Elmhurst; 239 Franklin Street, Glencoe; and 350 Fairbank Road, Riverside (Credit: Getty Images, iStock)

In Chicago’s residential market, the price is not Wright

Mayor Lori Lightfoot (Credit: Getty Images)

The profit is too damn low: Chicago developers decry affordable housing requirements

Alderman Harry Osterman (48th) and a coach house in Dunning (Credit: Zillow)

Chicago may allow more granny flats amid affordability crisis

arrow_forward_ios
Loading...