A rendering of the proposed building at 1240 S. Wood St.
A Wisconsin real estate developer is hunting for companies to anchor a big project it's planning in the Illinois Medical District, betting the Near West Side health care-centric campus is poised for growth coming out of the COVID-19 crisis.
General Capital Group has hired the Chicago office of brokerage CBRE as the leasing agency for a building that could be as large as 500,000 square feet at 1240 S. Wood St. in the southern portion of the IMD. The project, framed as a "build-to-suit" development on a vacant full city block bounded by Wood and 13th streets and Wolcott and Washburne avenues, is being marketed to prospective users as medical offices, life sciences lab space or educational or health-tech commercial space along what CBRE dubs the "Wood Street Medical Mile"—a stretch of properties running through the heart of an area that includes Rush University Medical Center, the John H. Stroger Jr. Hospital of Cook County and UI Health.