Justin Ishbia’s private equity firm is nearing a deal to buy a 47-acre rail yard near the southwest corner of the Loop from Amtrak, lining up a vision from the Chicago White Sox’s owner-in-waiting for a potential new ballpark-anchored campus along the South Branch of the Chicago River.
Chicago-based Shore Capital is under contract to buy the 14th Street Coach Yard from the passenger railroad giant and is in “early planning for a mixed-use development on the site,” a Shore spokeswoman confirmed in a statement to Crain’s.