Chicago Construction News staff writer
A new tech development is set to transform part of Chicago’s South Side. The Illinois Quantum and Microelectronics Park (IQMP) will be built on a section of the 440-acre former U.S. Steel South Works site along Lake Michigan, which has remained undeveloped for decades. Despite opposition from some community groups, city officials have approved the project to create a research center focused on quantum computing and microelectronics.
The Chicago Plan Commission recently approved the rezoning of land at 8080 S. DuSable Lake Shore Drive, giving developers Related Midwest and CRG the go-ahead. The project now heads to the City Council’s Zoning Committee for review. If approved, the proposal will be presented to the full City Council for final approval.
Pending approval, construction is expected to begin in early 2025, with the first phase of the development scheduled for completion by late 2026. The park is expected to become a key center for quantum computing research in the Midwest.
The proposed IQMP will cover 458,018 sq. ft. on the southern portion of the South Works site. It is part of a broader effort to position Chicago and Illinois as a global leader in quantum computing and microelectronics. The facility is expected to attract top researchers and businesses from around the world.
Very Informative Information