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Old Posted May 5, 2020, 5:55 PM
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Cool CHICAGO | Michael Reese Site Redevelopment

Lincoln Yards & The 78 get their own thread...
Developers aim for city OK on Michael Reese site this year
$3.5 billion project detailed for local residents at a virtual meeting.

By David Roeder@RoederDavid May 4, 2020, 8:56pm CDT

Developers of the former Michael Reese Hospital site in Bronzeville said Monday night they hope to submit their zoning proposal to the City Council this month, with approval later this year of plans that they promised will create jobs and services while honoring the community’s heritage.

The timetable for the estimated $3.5 billion project was laid out to community residents at a Zoom meeting arranged by city planners and Ald. Sophia King (4th). The plans call for a mixed-use development on roughly 52 city-owned acres at 31st Street and Cottage Grove Avenue.

Scott Goodman, who is leading the project as a partner in Farpoint Development, said that if the city approves the zoning, he hopes construction can begin in the fall of 2021. The developers previously have announced that Israel’s Sheba Medical Center will anchor a 500,000-square-foot research and innovation center proposed for the first phase.

An overall height limit of 400 feet would apply to the buildings. Plans allow for a community center and about nine acres of new parks. The Singer Pavilion, the last structure that remains from the old Reese campus, would be incorporated into the development.
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