Agreement Begins 5-Month Due Diligence Period for the Site
CHICAGO –(ENEWSPF)--August 1, 2017. Mayor Rahm Emanuel and Emerald Living, a green-tech development company, announced the Purchase and Sale Agreement (PSA) with U.S. Steel to acquire the South Works property, which they will call “New SouthWorks.” The signing of the PSA follows Emerald Living’s successful bid for the property.
“This agreement is a major milestone towards converting an unused stretch of land that represents Chicago’s industrial past into a vibrant community that will contribute to Chicago’s economic, cultural and recreational future,” Mayor Emanuel said . . .