Chicago Real Estate Administrator on 28 Dec 2006 09:25 am

South Side Real Estate Developments

As with many areas of Chicago, real estate development is always an issue.  Communities battle with development groups, city officials and planning asssociations are involved with many local neighborhood leaders, consistently consulting, devising, planning and conversing diligently regarding the erection or possibility of new real estate in the Chicago area.

The South Side of Chicago has been an ongoing issue, and recently is the topic of conversation concerning new developing real estate along the lakefront.  The North Shore has undergone extensive redevelopment and prime condominium buildings, townhomes and other lakefront properties have recently been built after long talks regarding Lake Shore Drive and North Shore development proposals.

Now, it’s time for the South Side, with the assistance of Friends of the Parks, to undergo its own changes.  The issue is whether or not development of the South Shore area will be opposed by home owners along the South Shore,  as Friends of the Parks, after year long community talks has proposed the development of , “…an offshore island 100 feet from the stretch of land between 71st and 75th Streets and hundreds of acres of beaches and park facilities, would demonstrably improve the quality of life for many South Side residents and visitors,” Chicago Suntimes stated in its article entitled, South Side lakefront project needs to succeed.

Many compromises will need to be made regarding this issue, however it is forseeable, that Chicago condo owners along the South Shore may oppose this new development as their luxurious view of the lake may be impeded.  Hopefully, even with opposition, funding will be available both privately and through the city as development of the South side area will  further increase the value of Chicago’s lakefront property as a whole and enrich the South Side communities, which have long sought after a way to bring more connectivity and activity to the area as a whole.

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