A groundbreaking ceremony has been held for the first phase of the Illinois Quantum and Microelectronics Park on the South Side. Replacing around half of the former South Works foundry, the fully realized campus will center around public-private partnerships, with California-based PsiQuantum serving as its anchor tenant.
Very initial details have been revealed for a potential mixed-use development at 1039 North Crosby Street in the Near North Side. The project would rise on the corner with West Hobbie Street near the former site of Cabrini Green by the North Branch Canal. Efforts are being led by Park Community Church.
Funding has been partially raised for the upcoming Illinois Quantum and Microelectronics Park on the South Side. Announced just over a year ago, the massive park will be anchored by California-based PsiQuantum. The company has now raised $1 billion to help kick off construction of its Chicago facility, which is being developed by Related Midwest and CRG.
A groundbreaking ceremony was held for the mixed-use development at 3831 W Chicago Avenue in Humboldt Park. Dubbed Humboldt Park Passive Living, the project has been in the works for a few years and is located near the intersection with N Pulaski Road. The event, held two weeks ago, was attended by the mayor and developer 548 Development.
The Chicago City Council has approved the massive Illinois Quantum and Microelectronics Park on the South Side. Set to replace the long-vacant 400-acre former South Works site, the project is already attracting new investments as IBM has announced a new research center within the campus. With the complex expected to break ground early next year.
