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]

About The Author

Read All Stories By Curbed Chicago

Copyright © 2008-2017 mRELEVANCE, LLC | Chicago Real Estate News | Chicagoland Real Estate Forum. All rights reserved. Thank you for visiting Chicago Real Estate News Chicagoland Real Estate Forum, Real Estate Listings and Information Provided by MLC Realty, Inc.
Internet Marketing by Marketing RELEVANCE

Equal Housing Opportunity

1819 W Grand Ave | Chicago, IL 60622