Aug
10

St. Anthony Ministries Planning New Focal Point Development

August 10, 2012

hospital planned by St. Anthony ministriesAccording to the Chicago Sun-Times, St. Anthony Ministries is expected to use the 11-acre former site of the Washburne Trade School at 31st and Kedzie for a new hospital and retail outlets as well as wellness, education, arts and recreation centers.

The company plans to collect revenue from a parking garage and rent from tenants, such as retail stores, schools, a day care and the hospital to maintain its programs. Owners of Chicago real estate will benefit from the surplus of opportunities with this new one-million-square-foot Focal Point development with an estimated cost of $400 million. The campus is expected to create approximately 2,100 construction jobs as well as many retail jobs.

The hospital will replace the century old, 151-bed facility located on 19th and Sacramento Streets. According to company representatives, the campus would open its doors to more than 400,000 residents in the Little Village, Pilsen, North Lawndale, Brighton Park, Back of the Yards and Archer Heights neighborhoods.

“What makes this idea unique is that once this campus is built, the income from its for-profit elements will supplement the financial needs of the not-for-profit elements, providing a much-needed solution to deliver medical, education and other services to a community that continues to be under resourced,” said Guy Medaglia, CEO of St. Anothony Hospital.

The new project will allow St. Anthony to address the needs specific the neighborhoods, such as parenting classes, wellness programs and diabetes education.

Categories: Cook County, Locations

About The Author

Read All Stories By Brittany Henderson

Brittany Henderson is currently the salon coordinator at Accent On Hair, Inc. in Augusta. Accent On Hair has been in business for 30 years! In the summer of 2012, she was a public relations intern at Marketing RELEVANCE. She writes news releases and blog posts about everything real estate.

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