IPD Unveils $3.5bn Redevelopment Plan in Chicago
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IPD Unveils $3.5bn Redevelopment Plan in Chicago

25 Jul 2011

International Property Developers (IPD) has unveiled a $3.5bn plan to redevelop the Chicago Post Office and adjacent properties in Congress Parkway and the Chicago River into retail, entertainment, residential, office and hotel space. Laurence Booth is is the project's architect and th

International Property Developers (IPD) has unveiled a $3.5bn plan to redevelop the Chicago Post Office and adjacent properties in Congress Parkway and the Chicago River into retail, entertainment, residential, office and hotel space.

Laurence Booth is is the project’s architect and the company plans to finish the project in three phases over the next ten years.

The redevelopment project includes 6.2 million square feet of retail, leisure and entertainment space, 4.1 million square feet of hotels offering a total of 7,500 rooms, two million square feet of office space and 3.8 million square feet of residential space, totalling 16 million square feet.

The project will also feature 12,000 parking spaces free, a renovated river walk and a 20-acre roof garden and park.