Big plans for Pullman; Kelly envisions a new neighborhood on site of Ryerson steel plant.(News)

Crain's Chicago Business | July 14, 2008| | Copyright

Byline: THOMAS A. CORFMAN

Billionaire banker Michael Kelly is picking up where utopian visionary George Pullman left off.

The non-profit development arm of Mr. Kelly's flagship Park National Bank has acquired the former Ryerson Inc. steel plant on the Far South Side with plans for a retail-residential development that would revitalize an area the hardnosed industrialist founded as a workers' village in 1881.

The 170-acre Ryerson site at 720 E. 111th St. abuts Park National's 10-story office building along the Bishop Ford Freeway and the landmark ...

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