Jul
28

Rendering Reveals: Illinois Medical District Approves $300M Gateway Project

July 28, 2014

[Renders of the Illinois Medical District Commission]

The Illinois Medical District Commission has approved a plan to construct a $300 million development that will include a hotel, retail space, office space, a residential tower, and a parking structure. The Epstein-designed project totals 1.16 million square feet, made up of a 10 story, 225-room hotel; 92,000 square feet of retail and restaurant space; 16 story, 200-rental unit apartment building; 224,000 square feet of multi-family housing; 100,000 square feet of laboratory space; 88,000 square foot medical office building; and 40,000 square feet of “urban farm greenhouses”. The IMDC has been working for years to find a suitable project to fill nearly 9.5 acres of vacant land, hoping to bring more life to the district dominated by hospitals and medical facilities, and after a request for proposals, have approved this plan. The $300 million tab will be picked up by the project’s developers. Construction is slated to begin in spring of 2015.

· Previous Illinois Medical District coverage [Curbed Chicago]

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