It looks like the first phase of the Riverline project is about to get started (via Curbed):
It’s been a long time in the making, but now we have a more approximate date for the Riverline mega-project’s groundbreaking. According to developers CMK Companies and Lendlease, workers are expected to break ground on the ambitious project in mid-September. The development, with a master plan designed by Perkins+Will, will span 14 acres and will deliver 3,600 new residences to the greater South Loop area when completed. The first phase will focus on two towers, 60 townhouses, and a 3.5 acre riverfront park.As you may recall back in late 2015, this massive project was announced. It's a an ambitious one and a doozy that if realized will dramatically transform the west side of our neighborhood.
While it's a big project, it does seem to make a lot of sense. This land seems highly attractive as it will provide quick access to the loop and various other desirable neighborhoods (such as the West Loop). Couple this with the plans for the gigantic old post office and it's easy to see why they're moving forward.
The curbed post has some additional renderings. Take a look!