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Chicago & Midwest  + South Side  |  February 18, 2021
Paul Bubny
By: Paul Bubny

$3.8B Proposal for Michael Reese Site Comes Before Plan Commission

A master Planned Development (PD) zoning application for the redevelopment of the former Michael Reese Hospital site in the South Side’s Bronzeville neighborhood will be presented for consideration by the Chicago Plan Commission on Thursday.

The $3.8-billion proposal by the Global Research Innovation & Tourism (GRIT) development team would redevelop the former Michael Reese Hospital site at 29th Street and Ellis Avenue into more than seven million square feet of commercial, institutional, and mixed-income housing.

The GRIT team is comprised of Farpoint Development, Loop Capital Management, Draper & Kramer, Chicago Neighborhood Initiatives, McLaurin Development Partners, and Bronzeville Community Development Partnership. The team was selected through a Department of Planning and Development (DPD) RFP issued in 2016 for the largely vacant hospital site, which is owned by the City of Chicago.

The PD design guidelines for the site prioritize pedestrian-oriented retail and active uses along primary streets, according to DPD.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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