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Innovation Center Will Anchor First Phase of Related Midwest Mega-Project
Related Midwest has unveiled its plans for Phase 1 of The 78, a riverfront master-planned development that will span nearly 13 million square feet at full buildout. As part of Phase 1, the University of Illinois System’s Discovery Partners Institute (DPI) has signed a letter of intent to build a new innovation center at The 78, on land donated by Related Midwest.
The partnership between Related and Midwest launches “a new era for Chicago as an extraordinary focal point for an unparalleled tech workforce and research and development,” said Gov. JB Pritzker.
“Our vision for The 78 is to create Chicago’s next great neighborhood,” said Curt Bailey, president of Related Midwest. “With a dynamic Phase 1 plan that includes DPI as its centerpiece, we’re showing how a 21st-century neighborhood, created from the ground-up and connected to so many exceptional areas, will bring new opportunities to all of Chicago.”
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