CHICAGO (CBS) — A developer has been chosen to lead the revitalization of the old Michael Reese hospital site in Bronzeville.
The medical center complex had been razed back in 2009 after the city bought it as part of its plans for the 2016 Olympics. The Sun-Times reports, Chicago borrowed $85 million to purchase the Reese campus to pave the way for construction of an Olympic Village.
The 49-acre site, just south of McCormick Place, has sat vacant ever since that bid failed.
The development will include housing, hotel, meeting space, a park and a new Metra train station stop at 31st Street.
The development team will be led by Farpoint Development, Draper & Kramer, Chicago Neighborhood Initiatives, McLaurin Development Partners and Bronzeville Community Development Partnership.
from CBS Chicago http://ift.tt/2qPobTe
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