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The Wall Street Journal: Scruffy plot on Chicago River to sprout eight high-rises in $1.5 billion development

CHICAGO—A once-gritty stretch along the Chicago River across from an industrial sprawl of concrete and train tracks is headed for transformation as a $1.5 billion development of high-rises, town houses and a public river walk breaks ground Monday.

The project, known as Riverline, is part of a monumental facelift as developers drawn to the Chicago River build up empty banks along the waterway’s southern stretch. It will eventually bring more than 3,600 new residences to a rare undeveloped plot just south of the downtown Loop.

‘In a lot of ways, Chicago [had in the past] turned its back on the river.

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