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Developers expect to break ground late this year or early next year on the massive $4 billion new development tentatively called “Bronzeville Lakefront.” It will be built upon the site of the old Michael Reese Hospital, which has sat vacant for more than a decade. Former Mayor Richard M. Daley had proposed building an Olympic village on the site when Chicago was in the running for the 2016 summer games. Thanks to unanimous approval by city council yesterday, the path is paved for a mixed-use development. Earlier this year, the Chicago Plan Commission approved a $3.8 billion effort to overhaul the former Michael Reese Hospital site in Bronzeville on the city’s South Side. (Rendering courtesy of Skidmore, Owings & Merrill)

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