DPI, which is part of the Illinois Innovation Network (IIN) and funded through a combination of private and public funds, plans to begin construction in the next 12 months. Construction is already underway at The 78 on the Wells-Wentworth Connector, the main thoroughfare for the project that will be a modern, pedestrian-friendly streetscape with protected bike lanes linking the Loop to Chinatown. Other phase 1 infrastructure improvements include: construction of LaSalle and 15th streets through the site; renovation of Clark Street; relocation and enclosure of Metra tracks; and reconstruction of the Chicago River seawall.

Phase one will include the DPI; 1.5 million square feet of office space in both loft-style and high-rise buildings; 700,000 square feet of highly-amenitized residential, which includes a 20% affordable commitment; and 100,000 square feet of fitness, retail, hospitality and restaurant space, all interwoven around what will eventually be 12 acres of publicly accessible green and open space.

In phase one alone, five acres will be dedicated to the Crescent Park—a green space that will be seven acres at its completion and follows the Chicago River's original flow through the site. Crescent Park will offer recreational opportunities and year-round programming for all ages. The 78 will also feature 3 acres of new riverfront inspired by the downtown Chicago Riverwalk, but with a setback that offers three times the space, allowing for a greater variety of uses in all seasons.

Related is targeting completion of phase one in 2024. Future phases will add another 10 million square feet of commercial and residential space and a new CTA Red Line station at the corner of Clark and 15th streets.