Chicago Mixed-Use Lands $1.2B Research Hub

The 78, Related Midwest’s 62-acre master-planned development, will become home to The University of Illinois System’s innovation center, Discovery Partners Institute.

Related Midwest, the Chicago office of multifamily and mixed-use developer Related Cos., has just secured an anchor for The 78, a 62-acre master-planned community in Chicago for which the company is serving as master developer. The University of Illinois System will build Discovery Partners Institute, a $1.2 billion public-private research and innovation center, at the sprawling site.

“Leveraging Related’s extensive experience in international placemaking, The 78 will be a transformative downtown neighborhood designed to respond to the rapidly changing demands of future generations, making it the ideal location for a dynamic institute like DPI,” Curt Bailey, president of Related Midwest, said in a prepared statement…

Chicago Mixed-Use Lands $1.2B Research Hub

Categories : Finance

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