site currently serves as a de facto dog park in the South Loop. In 1984, developers began construction of River City, just south of the site. River City was intended to be a complex of four 85-story office and residential towers stretching along the Chicago River from Harrison to Roosevelt Road designed by Bertrand Goldberg, designer of the landmark "Marina City" along the main branch of the Chicago River. Only a 17-story apartment building was completed in 1986, however it can accommodate additional floors as part of an expansion. Several other plans for office towers, condominiums, or retail development on the site have all been proposed over the past several years, and all have been shelved. The land at the corner of Harrison and Wells, the lot on which the station itself stood, remained vacant until early 2020. Luxury apartments, Alta Grand Central, were erected in early 2020 and are managed by Wood Partners. In March 2008, CSX Transportation – the successor company to the B&O – sold the property to a Skokie, Illinois-based capital group with the intent of redeveloping the site with mixed-use high-rise buildings. MGLM Architects proposed constructing a new rail station on the site in February 2012 to accommodate high-speed trains between the city core and O'Hare Airport. The firm claimed that this location would be preferable to adding additional capacity at the already crowded Union Station. As of October 2013, a proposal to build two towers containing 700 units (rental and possibly condo apartments) has resurfaced for 1.5 acres of the 6.5-acre site. The development known as "Franklin Point" is being backed by rapper Jay-Z's business partners Arnold "Alex" Bize and Naum Chernyavsky. In September 2016, construction began on a new development named Project Riverline; a joint venture between CMK Companies and Lendlease. The redevelopment will consist of over 3,600 residences spread across eight waterfront buildings, and is estimated to be completed in 2024. Legacy More than thirty years after its demolition, Grand Central Station has only relatively recently been identified by local historians, railroad enthusiasts and architecture critics as "the queen of the city's old train stations". Author Carl W. Condit remarked that the station was "an important Chicago building even if it never received much recognition". Architect Harry Weese bemoaned its "wanton destruction". Ira J. Bach noted that when the terminal was demolished: "Chicago lost its greatest monument to the institution which had