Chicago & Midwest + South Side + Healthcare | March 30, 2023

$3.8B Bronzeville Lakefront Development Gets Underway

City leaders joined the GRIT partnership to break ground on the $3.8-billion Bronzeville Lakefront project. The seven-million-square-foot mixed-use development will be built on the historic site of the former Michael Reese Hospital and Medical Center on Chicago’s South Side.

“Bronzeville Lakefront has been designed to spur economic growth in a socially equitable way,” said Scott Goodman, GRIT partner and founding principal at Farpoint Development. “It will put a sustainable ecosystem in place, attract diverse tenants, generate jobs, and become a model community of the future.”

The project will be the largest to date in the city of Chicago, as well as the nation’s first megadevelopment to have a 50% Black development team. The launch was made feasible by $60 million in infrastructure funding from the City of Chicago, with the project’s infrastructure phase expected to take two years. A 2035 completion is anticipated for the entire project.

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Bronzeville Lakefront

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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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