April 8, 2016 Comments Off on Empty Chicago Hospital Could be Reborn Views: 505 California News, Illinois, Midwest, National News

Empty Chicago Hospital Could be Reborn

Cook County Hospital in Chicago, which has been vacant for more than a decade, could have a future life as a mixed-use project, complete with office, residential, hospitality and retail space. Civic Health Development Group has been selected to redevelop the site, and will present a plan to the Cook County Board’s Finance Committee on April 13.  A vote is scheduled for May 11.

The developer plans to invest $600 million, and pay at least $2 million in annual rent to the county, which would still own the land. The county reportedly won’t be on the hook for any capital investment or subsidies to the developer.

Work on the hospital building and surrounding environment could begin as early as next year, and conclude a year later. The plan is to redevelop the site at 1831 W. Harrison St., without destroying the façade of the old hospital, which was built in 1913.

Read More at Chicago Sun Times

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