The development will be called Focal Point and will sit on the site of the old Washburn trade school at 31st and Kedzie.
Today is the is the launch what will be a $450 million development.
Focal Point will have major retail tenants, a newly constructed Anthony Hospital,
a charter school, a trade school, childcare center, recreation center and a variety of wellness programs.
Elected officials such as Gov. Quinn, Mayor Rahm Emanuel and Sen. Dick Durbin were in attendance to give their support.
Local catholic priest Fr. Brendan Curran says focal point is exactly what the people from the southwest side neighborhoods of Little Village and Pilsen desperately need.
The project is slated to be done sometime in 2018 and the organizers say they hope it will serve the needs of Chicagoans got generations to come.