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More than eight months afterwards two European developers apparent a activity to body 20,000 homes on Chicago’s south lakefront, the affairs of the aggressive activity are in question.

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Plans to buy South Works, the 440-acre above U.S. Animate branch armpit are “currently on authority because of clay contagion problems that charge to be cleared,” Barcelona Housing Systems said in an emailed statement.

The close did not acknowledge to aftereffect questions about the cachet of the project.

Neither the burghal nor others affiliated with the accord are adage abundant either.

Pittsburgh-based U.S. Steel, however, said the armpit has already been bankrupt up with the advice of the U.S. Ecology Protection Agency and is accessible to be redeveloped.

Hopes accept been aerial for the acreage back August, back Mayor Rahm Emanuel appear that Barcelona Housing and accomplice Emerald Living, a assemblage of Dublin-based WElink Group planned to buy and redevelop the armpit that runs forth Lake Michigan from 79th Street to the Calumet River. The activity alleged for architecture 20,000 modular homes, and possibly retail and appointment space.

If built, the activity additionally would accommodate a branch to accomplish apparatus for modular homes.

Jobs in the factory, as able-bodied as a multibillion-dollar advance in a absolute acreage development, could be transformational for an breadth of Chicago that has absent jobs and citizenry in contempo decades. The South Works animate bulb bankrupt in 1992 and was after demolished. Neighbors and politicians accept had their hopes aloft in the past, alone to accept added redevelopment affairs abatement through.

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Two European firms are accessible to booty a able at developing a 440-acre armpit on Chicago’s south beach that has been bare back U.S. Animate bankrupt a bulb there 25 years ago.

The plan includes architecture as abounding as 20,000 homes.

Emerald Living, a assemblage of Dublin-based WElink Group, and Spanish partner…

Most recently, Chicago-based McCaffery Interests and U.S. Animate spent added than a decade planning a redevelopment of the armpit that would accept included bags of homes, millions of aboveboard anxiety of bartering amplitude and a marina.

The ally concluded their acceding in 2016, and U.S. Animate assassin a aggregation of Cushman & Wakefield brokers to seek a client for the site.

The European firms had a five-month aeon to conduct due diligence, including ecology tests, according to the Barcelona Housing email, which said the close after accustomed a five-month addendum until mid-May “after contaminants were found.”

It’s cryptic how abundant ecology remediation the developers accept the armpit needs, or how abundant it would cost.

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Mayoral agent Grant Klinzman and a Cushman & Wakefield backer beneath to comment.

U.S. Animate backer Meghan *** said the animate behemothic already formed with the EPA on a remediation plan that began in 1993.

“The aftereffect of this accommodating accomplishment has been the arising of a alternation of No Further Remediation (NFR) notices to U.S. Animate advertence that the after-effects of the company’s remediation efforts accept met the agency’s beginning for completion,” *** said in an email.

She beneath to animadversion on the cachet of the auction to Emerald Living and Barcelona Housing.

Dan McCaffery, CEO of McCaffery Interests, said his close was blind of a charge for added ecology assignment during its development efforts.

Phil Velasquez / Chicago Tribune

The aqueduct abreast the U.S. South Works property. A activity that would accept afflicted the face of the long-vacant breadth is on hold.

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The aqueduct abreast the U.S. South Works property. A activity that would accept afflicted the face of the long-vacant breadth is on hold.

Renderings of the South Works redevelopment, still apparent on the Spanish firm’s website, appearance low-rise and midrise residential buildings, banal and bike paths, parks and beach walkways forth baiter docks.

Because the development would be so large, it would acceptable be complete in several phases over the advance of a decade or more.

Megadevelopments such as this one are difficult to plan for any site, and they can be alike added arduous to accounts on a armpit amidst by lower-income neighborhoods. The area is additionally difficult to admission by accessible transportation.

The South Works armpit does account from an addendum of Lake Shore Drive to the armpit as able-bodied as beach frontage and angle of Chicago’s skyline.

rori@chicagotribune.com

Twitter @Ryan_Ori

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