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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...

https://chicago.suntimes.com/busines...site-this-year
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




Quote:
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.

Quote:
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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Old Posted May 5, 2020, 6:01 PM
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I attended the virtual meeting last night and here are some notes...

May 4, 2020 Virtual Meeting

-working on things since 2012

-65% minority business led

-10% commercial space discounted

-20% affordable housing on site

-MBE (30%) & WBE (10%)

-(GRIT) Global Research Innovation & Tourism District

-8.8 acres of open and green space in phase 1 & 2

-Phase 3 (Marshaling Yards/towers) won’t be apart of the current PD

-3rd quarter of 2021 groundbreaking? Phase 1 should take about 5 years

-$31,000,000 TIF for remediation at 29th St. where a factory once stood.

-mix of housing product… condo, rental, affordable, market rate (mainly phase 3)

-8.8 acres of open space (2 acres at 31st) (2.5 at 29th)
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Old Posted May 5, 2020, 6:05 PM
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Originally Posted by CrazyCres View Post
Did they release the presentation for the Micheal Reese hospital site?

It was supposed to be released today.
MICHAEL REESE
91 acres with marshaling yard included
13.7 million square feet


https://www.chicago.gov/city/en/dept...ital-site.html

https://www.chicago.gov/content/dam/...ion_050420.pdf








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Old Posted May 5, 2020, 6:13 PM
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https://www.chicagobusiness.com/comm...900F38D22E2508

May 05, 2020 06:27 AM UPDATED AN HOUR AGO
Developers detail plans for Michael Reese site
The proposed first phase of a larger $6 billion megaproject would include 1 million square feet of new buildings and a park along 31st Street.


DANNY ECKER



Quote:
The former Michael Reese Hospital site would be redeveloped over the next five years with 1 million square feet of new buildings and a park along 31st Street under a bold plan unveiled for the sprawling Bronzeville property.

That's the proposed first phase of a larger $6 billion megaproject a group of developers is pursuing for the city-owned property just south of McCormick Place. Presenting details of the vision during a virtual town hall to create a 15 million-square-foot mixed-use campus with an emphasis on the life sciences industry, the group led by Chicago-based Farpoint Development said it's aiming to introduce its plan to City Council this month with a goal of breaking ground on the first buildings by the third quarter of 2021.

Quote:
Infrastructure projects such as the Metra station and an entirely new street grid for what is a mostly vacant site today would cost an estimated $175 million for the project's first phase, according to the developers.

Quote:
The proposal GRIT will submit to the Chicago Plan Commission includes about 8.2 million square feet of development and 8.8 acres of open space, roughly half of which would come from the 31st Street park and another one along 29th Street.

Quote:
A separate plan for a development site east of the Metra tracks on truck marshaling yards used by McCormick Place would feature another four acres of open space and 5.5 million square feet of buildings, including apartment towers rising as high as 800 feet, according to the GRIT presentation. That phase wouldn't begin until 2028.
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Old Posted Jun 16, 2020, 5:56 PM
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https://www.chicagobusiness.com/comm...ael-reese-site

June 16, 2020 11:59 AM UPDATED 48 MINUTES AGO

Investors shopping land next to Michael Reese site
The big vacant swath is next to where developers are planning a $6 billion lakefront megaproject.


DANNY ECKER



Quote:
As developers forge ahead with plans for a $6 billion mixed-use campus on the former Michael Reese hospital site, a group of local real estate investors is looking to unload a big piece of vacant land next to it.

Aiming to ride the momentum of the proposed Bronzeville megaproject, a venture controlled by four commercial real estate brokers has put up for sale a 6.6-acre site at the corner of 26th Street and Martin Luther King Jr. Drive.

The land runs along the northern edge of the sprawling city-owned site that once housed the hospital and is now poised to be redeveloped into Burnham Lakefront, a 15 million-square-foot development that would reshape a large swath of the city's Near South Side. The developers behind the project will introduce a zoning application at tomorrow's City Council meeting that specifies plans for 4,800 residential units, among other new details.
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Old Posted Jun 16, 2020, 6:18 PM
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Let's get an 800 footer up there
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Old Posted Sep 29, 2020, 2:27 AM
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A community town hall webinar will be co-hosted by the Department of Planning and Development (DPD), Ald. Sophia King (4th), and the Michael Reese Advisory Council next month to review updated plans from the GRIT development team for the former Michael Reese Hospital site in Bronzeville.

The webinar will take place at 6 p.m. on Wednesday, Oct. 14. Registration for the Zoom webinar is open now, and the presentation will be posted in advance of the meeting at www.chicago.gov/reese.

Members of the public wishing to ask a question about the proposal should email their question to DPD@cityofchicago.org or ward04@cityofchicago.org by noon on Monday, Oct. 12.

The 48.6-acre City-owned site is the former location of the Michael Reese Hospital and Medical Center. The hospital complex closed in 2008 and the City acquired the property in 2009.

The largely vacant site is highly accessible to both traffic and transit, within close proximity to The Loop, the Museum Campus and McCormick Place, the nation's largest convention center. The GRIT redevelopment team was selected in 2017 as a part of a City-led Request for Proposals process.

The team filed its initial Master Planned Development application with City Council in June 2020 and expects to present their proposal to the Chicago Plan Commission later this year.
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Old Posted Oct 12, 2020, 1:10 AM
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A friend was at a recent community meeting where they were discussing the branding and naming of the site, and it looks like Bronzeville East is the likely option. There's still not final decision yet, and many residents have mixed views on the naming, but there's already a website domain reserved so it's likely final.

It's inactive as of right now, but it may go live before the Wednesday meeting: https://bronzevilleeast.com/
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Old Posted Oct 12, 2020, 4:39 AM
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Quote:
Originally Posted by Randomguy34 View Post
A friend was at a recent community meeting where they were discussing the branding and naming of the site, and it looks like Bronzeville East is the likely option. There's still not final decision yet, and many residents have mixed views on the naming, but there's already a website domain reserved so it's likely final.

It's inactive as of right now, but it may go live before the Wednesday meeting: https://bronzevilleeast.com/
East Bronzeville sounds better to me IMO.
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Old Posted Oct 13, 2020, 3:58 PM
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It's not finished but here's the preliminary website design. Yes, I know it's an IP adress at the moment and it looks sketchy clicking on it: http://159.203.66.75/

Here's also tomorrows presentation slides: https://www.chicago.gov/content/dam/...eck_101420.pdf
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Old Posted Oct 15, 2020, 12:44 AM
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Bronzeville Lakefront

Possible plan commission in November 2020

7,800,000 square feet is slightly less that initially proposed for phases 1 &2

Height limit increased in first two phases by 50' to 350' & 450' respectively.
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Last edited by BVictor1; Oct 15, 2020 at 1:22 AM.
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Old Posted Jan 29, 2021, 10:31 PM
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DPD sent an email saying Bronzeville Lakefront will be on the Feb Plan Commission agenda, and that the GRIT team plans to break ground on phase 1 in 2021
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Old Posted Jan 30, 2021, 12:51 AM
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Yay
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Old Posted Jan 30, 2021, 3:05 PM
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Great news. This, One Central, and the 78 have serious potential to transform the skyline and extend the CDB south. It'll probably take 20+ years to materialize, but you can see the potential.
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Old Posted Feb 1, 2021, 6:58 PM
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On the February 2021 Plan Commission Agenda


Quote:
A proposed planned development, submitted by GRIT Chicago, LLC, for the property generally located at 2601-3045 and 2600-3001 S. Ellis Avenue; 2900-3030 and 2901-3001 S. Cottage Grove; 2600-2900 S. Lake Park Avenue; 533 E. 29th Street; 401-434 E. 26th Street; 2701-2955 S. Vernon Avenue; 400-598 E. 31st Street; and 2601-3099 S. Martin Luther King Drive. The applicant proposes to rezone the property from Residential-Business-Institutional Planned Development Number 1133 and RM-5 Residential Multi-Unit District to an underlying B3-5 Community Shopping District, and then, to a Business-Residential Planned Development. The proposed development site consists predominantly of the former Michael Reese Hospital site and the existing Prairie Shores apartments. The proposed planned development will facilitate the redevelopment on the subject site with a multi-phase, mixed-use development including new retail, commercial, cultural, community and residential uses, and parks and open space. The development includes construction of new streets and infrastructure, including implementing a new roadway network.
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Old Posted Feb 12, 2021, 2:18 PM
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Chicago Plan Commission Draft Presentation:

https://www.chicago.gov/content/dam/...t_cpc_pres.pdf
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Old Posted Feb 12, 2021, 11:15 PM
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That signature building is giving me major Zurich HQ vibes (Schaumburg).
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Old Posted Feb 13, 2021, 12:47 AM
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Originally Posted by Reinsdorf Sucks View Post
That signature building is giving me major Zurich HQ vibes (Schaumburg).
Indeed, I had the same thought, and I love the Zurich HQ building.

Also, unrelated, but I'm always happy when you post, because I love seeing you forum name.
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Old Posted Feb 18, 2021, 8:08 PM
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Michael Reese site redevelopment wins key approval

The Chicago Plan Commission OK'd a 20-year plan to transform the former hospital site south of McCormick Place.

https://www.chicagobusiness.com/comm...=hero-readmore
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Old Posted Feb 24, 2021, 5:36 AM
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So there were some changes in the application from time of submission to approval by the plan commission.

The number of planned residential units increased by approximately 41%

From 4800 to 6786

With 20% affordable housing on site, we're looking at about 1357 units.

Remember that we're talking phases 1 & 2 which will encompass about 7,924,000 million sq ft.

I'm not sure how many units will be proposed for the Marshaling Yards, but conceptually the numbers being states were an additional 5M sq ft, which can easily change. I'm guessing Phase 3 will be mostly residential, with potential for hotel rooms.
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Last edited by BVictor1; Feb 24, 2021 at 5:56 AM.
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