Related’s Chicago site The 78 to be location of new public-private development

Related Midwest is donating land to jumpstart a mixed-use development in downtown Chicago. On Thursday, Illinois Gov. Bruce Rauner and University of Illinois System President Tim Killeen unveiled plans for the $1.2 billion interdisciplinary public-private research and innovation center known as the Discovery Partners Institute (DPI) at The 78, Curbed Chicago reported. The new facility will be developed on a donated portion of the 62-acre site on the Chicago River. The 78 is planned in partnership with architecture firm SOM and will have a mix of residential, commercial, institutional, cultural and recreational uses, including 40 percent green and open space and a half-mile of developed riverfront that will expand the city’s existing Riverwalk. [Curbed Chicago]