Related Midwest and CRG celebrated the groundbreaking of the Illinois Quantum & Microelectronics Park (IQMP), the first phase of Quantum Shore Chicago, a 440-acre master-planned technology and innovation district along the Chicago lakefront.
Located on the former U.S. Steel South Works site at 8080 S. DuSable Lake Shore Drive, the project is receiving financing from funds managed by Blue Owl Capital on both the land acquisition and vertical development of facilities for IQMP’s anchor tenant, PsiQuantum.
In addition to the $500 million investment in IQMP, Illinois previously invested $200 million to support the Chicago Quantum Exchange. The IQMP will occupy 128 acres on the southern end of the site. In addition to PsiQuantum’s 80,700-square-foot office and research facility, the campus will include a cryoplant and equipment labs, as well as research and office spaces.
The first phase of the IQMP is designed by Lamar Johnson Collaborative. Clayco will serve as general contractor for the initial phase.
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