U.S. Steel picks buyer for massive South Works site

A Spanish housing developer and partner are buying the massive South Works steel mill property on Chicago’s south lakefront, where the venture plans one of the biggest residential developments in the city’s history, with as many as 12,000 homes.

A joint venture between Barcelona Housing Systems and WELink has emerged as the winner bidder for the long-vacant site, which spans 430 acres from 79th Street to the Calumet River, according to people familiar with the property…Please click here to read Alby Gallun’s story in Crain’s.