Raitmaer Vlad-Alexandru / Shutterstock.com

$3.8 Billion Chicago Hospital Project Moves Ahead

Bronzeville Lakefront project would include nearly 6,800 units of new housing, 8 million square feet of mixed-use space

By Dan Hounsell, Senior Editor, Facility Market


Expansion projects, new construction and upgrades of healthcare facilities continue as health systems emerge from the effects of the last 17 months. Among the highest-profile and biggest ticket of such projects is taking place in one of Chicago’s most underserved communities.

The $3.8 billion plan to redevelop Chicago’s long-vacant Michael Reese Hospital site recently cleared another major hurdle when aldermen signed off on a plan to spend $60 million in city infrastructure funding for the project, according to CBS Chicago.

The city purchased the site for $91 million in 2009 with aims of using it as part of an Olympic village as it bid for the 2016 Olympics, but it has sat unused ever since after the city lost the summer games to Rio de Janeiro.

The $3.8 billion Bronzeville Lakefront plan would include nearly 6,800 units of new housing, and nearly 8 million square feet of mixed-use space, including office, retail, research, healthcare, and data center facilities, as well as park space.

The $600 million first phase of the project would involve construction of a new 500,000-square-foot medical research site, which would feature retail space and a community center, as well as more than 300 units of senior housing featuring solar panels, a rooftop deck, and retail and café space.

The $3 billion second phase of the project would add medical research facilities, mixed-income housing, retail stores, office space, and park land that would be built over the next two decades. Construction on the second phase is expected to begin as early as 2023.



July 27, 2021


Topic Area: Construction


Recent Posts

Aspirus Breaks Ground on New Chippewa Falls Hospital and Clinic

The estimated completion date of the facility is September 2026.


Cybersecurity Law's Expiration Could Leave Healthcare Facilities Exposed

The pending sunset of CISA 2015 threatens to weaken critical information sharing that helps healthcare facilities defend against cyberattacks.


Ground Broken on Northside Hospital Forsyth Expansion

The building and parking deck are expected to open in the fall of 2026.


Onslow Memorial Hospital Breaks Ground on New Medical Office Building

The initial facility is expected to open in January 2027.


The Fatal Flaws in Active Shooter Response in Healthcare Facilities

The most effective solutions to workplace violence are sophisticated emergency response planning and master level training for all employees.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.