Chicago Lakeside Wins Global Sustainability Award

CHICAGO, Oct. 12, 2012 /PRNewswire/ -- The Chicago Lakeside Development—a joint venture between McCaffery Interests and U.S. Steel Corporation—has won the first Sustainia Community Award.  Gov. Arnold Schwarzenegger announced the award—entirely decided by the public via Sustainia's large social media network—on Oct. 11 during a ceremony at the Royal Theater in Copenhagen.  The inaugural Sustainia Community Award "honors the best sustainable solution" according to the global alliance.

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The Sustainia initiative is spearheaded by Gov. Schwarzenegger and founded by leading international companies and Scandinavia's prominent independent think tank, Monday Morning, to raise awareness of the many tangible, sustainable solutions available across the globe.

"Chicago Lakeside is a transformative model for U.S. city planning and could upend the traditional thinking of how people live and work in Chicago and across the U.S.," Sustainia writes in its citation. "The solutions utilized in Chicago Lakeside have strong site-specific characteristics, but the 'DNA' of its solutions is fully transferable to other cities."

Chicago Mayor Emanuel has long supported McCaffery Interests and Chicago Lakeside Development, saying: "...a sustainable, multi-use community on the southeast lakefront of Chicago will provide a huge economic impact in the area, creating important jobs and opportunity on the South Side. I commend all involved in the Lakeside project for their long-term commitment to this effort and the growth of Chicago."

"Lakeside presents a unique opportunity to create a thriving 21st century community for the neighborhood in which it sits, Chicago and indeed the world," remarked McCaffery Interests' Chairman and CEO Daniel McCaffery. "Lakeside will not only redevelop and re-purpose a former steel mill but it will also rebuild the entire southeast lakefront and offer a new way for people to live, work, shop and play."

"We're creating an intelligent district energy network using the most advanced clean energy technologies that will set examples for how to best live and work within a vibrant walkable community that connects seamlessly to Chicago's South Side," says Skidmore, Owings and Merrill Urban Design and Planning Partner Phillip Enquist.

About Chicago Lakeside Development:

Chicago Lakeside Development is a joint venture between U.S. Steel Corporation and McCaffery Interests, Inc. Chicago Lakeside Development is a global initiative for innovative living, with a strong focus on sustainable land development and community involvement. The development itself is a master-planned, nearly 600-acre mixed-use community located on the former U.S. Steel South Works site on the southeast lakefront in Chicago. The master plan is designed by Skidmore, Owings and Merrill LLP (SOM) in conjunction with Sasaki Associates and Antunovich Associates. Working closely with Mayor Rahm Emmanuel, Chicago Lakeside will be one of the largest public-private partnerships in the history of the city upon completion. With both public and private support, Chicago Lakeside is poised to revolutionize urban living in the 21st century. For more information, please visit www.chicagolakesidedevelopment.com or follow the project on Facebook.

About McCaffery Interests, Inc.:

McCaffery Interests, Inc., is a privately owned, full-service commercial real estate company that has been in the business of investing, developing, leasing and managing real estate for more than 20 years. The McCaffery Interests portfolio of planned, completed and managed projects exceeds 20 million square feet and includes office, mixed-use, hotel, and residential properties, as well as large, master-planned communities and land developments. With offices in Chicago, IL and Washington, DC, and controlled assets and completed developments valued in excess of $2 billion, McCaffery Interests is one of the most trusted real estate companies in the nation. For more information, please visit www.mccafferyinterests.com or call (703) 351-9500.

About Sustainia:

Sustainia is a global alliance of international partners that works to raise awareness of the world's leading sustainable solutions. The alliance was founded by Scandinavian think tank Monday Morning and developed in collaboration with UN Global Compact, Arnold Schwarzenegger's initiative Regions20 and a variety of world-leading companies. At the United Nations' Rio+20 conference in June, Sustainia highlighted the 100 leading international sustainable solutions from 56 countries—including Chicago Lakeside Development—known as the Sustainia100. For more information, please visit www.sustainia.me.

SOURCE Chicago Lakeside Development