Advocate Health Care announced plans to invest $1 billion over the next 10 years in a new hospital, 10 outpatient locations and other initiatives across the South Side of Chicago.

The $300 million, 53-bed hospital will be located on 23 acres at 8080 S. DuSable Lake Shore Drive, at the northern end of the Quantum Campus. This anchor will bring additional jobs to South Chicago while expanding access to primary and specialty care.

“The addition of a state-of-the-art Advocate hospital marks a significant milestone for the Southeast Side— one that will not only deliver essential healthcare services, but also advances our vision of creating a powerful, multifaceted economic engine for the area,” said Curt Bailey, President, Related Midwest. “Advocate’s investment and commitment will add 1,000 new employees and catalyze future investment that brings complementary uses to the 8080 DuSable Lake Shore development, the 7th Ward and the surrounding South Chicago neighborhood.”