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The site is surrounded by Wolf Lake to the north and east, and Powderhorn Lake to the south. The northwest corner of the property (approximately 2.25 acres) is wetland under the jurisdiction of the Army Corp of Engineers. Portions of the site have been removed from the regulatory floodplain by FEMA. During site construction, the site will be filled with clean soil up to approximately 3 ft, thus removing the entire site from the floodplain. The site engineering is based on the principal of "low impact" site planning, with the goal of preserving open space and providing sustainable urban storm water drainage. The project is adjacent to William Powers State Park and Forest Preserve, offering open green space unique to the city of Chicago. The redevelopment plan includes nature trails and preservation of a large part of the natural landscape on the property. The timing for the redevelopment is market driven, at this time the estimate is approximately 12 to 15 years. The project will be developed in phases from west to east. The area north of 134th Street will be among the first phases to be built. |
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