Another dream for the South Loop’s field of dreams?

The large tract of vacant land bordered by Wells St and the Chicago River south of Harrison St has seen development proposals come to naught over a decades-long span.

The site excited Bertrand Goldberg’s 1970s vision of River City, and has spawned many an unbuilt project since the passenger rail terminal that once stood there was demolished.

Crain’s Chicago Real Estate Daily has the details on the latest proposal for a part of the site: two residential towers totaling 700 units.

Is there any reason to believe it doesn’t belong in the “yawn and move on” category?

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