May
06

Historic Lake Shore Drive About to Grow

May 06, 2012

There’s a whole new Chicago neighborhood coming to town, and Lake Shore Drive will be rolled out for it in red-carpet fashion.

By the end of the year, the historic Drive will be extended two miles south to be connected to the site of the former U.S. Steel facility, where a brand new community of Chicago real estate will be built over the next three decades.

Chicago's proposed Lakeside Development

Chicago's proposed Lakeside Development

The 360-acre Chicago Lakeside project has been designed to include more than 8,000 residential properties, two million square feet of commercial space and lots of parks and green space. It will be created in multiple phases over the next 25 years. The first phase: The LSD extension.

“What was once a steel facility and has shuttered, because we are making this investment in our Route 41 and Lake Shore Drive, it will become a place for both residential housing and commercial development,” said Mayor Rahm Emanuel. “Without the infrastructure investment in building a new Chicago, this would be an eyesore, now it’s turning into an economic engine.”

The Highway 41 roadway project will create about 75 construction jobs and cost approximately $19 million. The two-mile section of new roads will include:

*New street lighting

*Irrigated landscaped medians and upgraded landscaping

*Permeable parking lanes to provide innovative storm water management

*New sidewalk, driveways, curbs, gutters, sewers, signage and pavement markings

*CTA turnaround at the north end of the site

*Four new traffic signals and three signal modernizations

*The planting of nearly 600 new trees

The Chicago Department of Transportation (CDOT) is managing the project, which will be funded with more than $10 million from the Federal Highway Administration and the State of Illinois. The new roadway is expected to be complete by December, with landscaping installed in the spring of 2013.

“Extending Lake Shore Drive further south and transforming the former U.S. Steel site will provide an economic boost to the southeast side of Chicago,” said Governor Pat Quinn. “Together, the State of Illinois and the federal government will invest $19 million to complete a project that creates jobs and improves the quality of life from 79th to 92nd streets and beyond.”

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