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High-rises are so common on the North Side lakefront that there are few places left to put them. The South Side lakefront has more land, but fewer developers are willing to take a chance on it.

So a lot of investors will be watching how JFJ Development Co. fares with a plan to build at 6740 S. South Shore Drive. The firm’s president, Jon Zitzman, and his architect said the 20-story building would be the South Shore area’s first high-rise in at least 30 years.

The planned $60 million condominium building would overlook Jackson Park, the South Shore Cultural Center and the lake, enjoying a view of downtown from an angle many Chicagoans never see.

Zitzman has asked the city for a zoning change that would let him build 132 units, including six townhomes that he figures he can sell for at least $1 million. …

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