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An Rx for the South Side of Chicago? Mega development approved for former Michael Reese hospital site

Skidmore Owings & Merrill We’re encouraged that the City Council has given the green light and some greenbacks to a $4 billion plan to turn the former Michael Reese Hospital campus into a new community that will include businesses, housing and parkland. While construction on the massive Bronzeville Lakefront project is expected to begin this year, the turnaround will take 20 years, if successful. The nearly 50-acre site is bounded by 26th Street, 31st Street, Lake Park and Vernon avenues. Editorials “This is a mega-development that will truly impact the entire city,” Ald. Sophia King (4th) told fellow Council members Wednesday. And she’s right. Bronzeville Lakefront its clumsy name aside is the type of large-scale, long-term investment needed to bring back long-neglected South and West side neighborhoods.

Lake parkUnited statesRichardm daleyMichael reeseSophia kingCity councilFarpoint developmentIsrael sheba medical centerMichael reese hospitalBronzeville lakefrontSinger pavilionSheba medical centerMetra electric districtMayor richardஏரி பூங்காஒன்றுபட்டது மாநிலங்களில்

Chicago Tonight in Your Neighborhood: Bronzeville | Chicago News

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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$3 8 Billion Redevelopment Approved For Former Michael Reese Site

UpdatedFri, Jul 23, 2021 at 9:49 am CT Replies(4) The first phase of the redevelopment plan includes the 500,00-square-foot ARC Innovation Center anchored by Israel-based Sheba Medical Center. (SOM) CHICAGO The City Council approved the sale of the former site of Michael Reese Hospital to a developer as part of a $3.8 billion revitalization project called Bronzeville Lakefront. The 48.6-acre property was purchased by the city in 2009 for $91 million amid its unsuccessful bid for the 2016 Olympic Games. Since then, it has been floated as a potential site for a Chicago casino or Amazon headquarters. Under the deal given the greenlight Wednesday, the city will sell the land to a developer in multiple phases over the next 14 years for a total of nearly $97 million.

United statesMaurice coxDraper kramerScott goodmanLori lightfootSophia kingFarpoint developmentInnovation centerMichael reese advisory committeeSheba medical centerChicago plan commissionCommunity development commissionCity councilMclaurin development partnersPlan commissionBronzeville community development partnership

Progress on Michael Reese Hospital redevelopment and Obama Presidential Center

Progress on Michael Reese Hospital redevelopment and Obama Presidential Center
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Massive redevelopment for Chicago s South Side gets nod

Massive redevelopment for Chicago s South Side gets nod
chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.

Cottage groveUnited statesMccormick placePrairie shoresSan franciscoRichardm daleyScott goodmanRahm emanuelSophia kingCity councilFarpoint developmentDepartment of planningArc innovation centerExposition authorityChicago city councilIsrael sheba medical center