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Updated June 18, 2020
Redevelopment plans for the former Michael Reese Hospital site on Chicago's Near South Side began to move forward in spring 2020.
The 48.6-acre site is the former location of the Michael Reese Hospital and Medical Center, which closed in 2008. The City acquired the property in 2009 and cleared most of the land in ensuing months.
In June 2017, the City of Chicago selected a team of local developers known as GRIT to purchase and develop the site through a Request for Proposal (RFP). GRIT is comprised of Farpoint Development, Loop Capital Management, McLaurin Development Partners, Draper & Kramer, Chicago Neighborhood Initiatives and Bronzeville Community Development Partnership.
GRIT’s mixed-use redevelopment plan is expected to move forward with special zoning known as a Master Plan Development. The zoning designation would enable construction of a phased, mixed-income community that includes a health innovation hub, retail and commercial uses, public green spaces, community spaces, and a variety of market rate and affordable housing options for families and seniors. The plan will also reuse the Singer Pavilion, the only remaining Reese building on the site.
In June 2020, GRIT formally submitted a $3.5 billion redevelopment proposal to City Council that would create 8.2 million square feet of commercial, institutional and mixed-income housing and more than 4,000 permanent and temporary jobs.
The $500 million first phase would revitalize 13 acres on the southern end of the property including a 500,000-square-foot medical research complex with retail space, mixed-income senior housing, a community center, a park, and a new Metra station. This phase would also include the adaptive reuse of the Singer Pavilion, the only remaining building from the original Reese complex. Infrastructure construction could start as early as 2021.
The Master Planned Development zoning application will be referred to the Chicago Plan Commission and refined in the coming months by the development team and DPD staff with continued input from stakeholders and the public. The City and the GRIT team are collaborating closely with the Michael Reese Advisory Council and Alderman Sophia King (4th Ward), who co-hosted a community meeting about the project in May.
A virtual town hall to update the public on GRIT’s proposal was hosted by the Department of Planning and Development (DPD), Ald. Sophia King (4th) and the Michael Reese Advisory Council on Monday, May 4.
Dates for additional public review, including the Chicago Plan Commission hearing, are still to be determined. Additional approvals will be required by the Community Development Commission and City Council for the land sale and any City financial assistance.
All questions on the development proposal can be directed to DPD@cityofchicago.org.