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Chicago & Midwest  + Downtown  + Healthcare  | 
Northwestern Memorial HealthCare has bought the

Northwestern Memorial Plans Medical Office Space at Adjacent Streeterville Hotel

Northwestern Memorial HealthCare plans to turn two floors of the Hyatt Centric Chicago Magnificent Mile hotel in Streeterville into medical office space and connect the property to its hospital campus with a skybridge, reported Crain’s Chicago Business. 

In a proposal set to be introduced to the City Council this week, the hospital system aims to convert the fifth and sixth floors of the hotel at 633 N. St. Clark St. into roughly 41,000 square feet of medical offices. Northwestern, which paid $67.5 million for the 17-story hotel earlier this year, would remove 74 rooms from the hotel under the plan and build the pedestrian bridge over Erie Street to its Galter Pavilion outpatient care center. 

The plan underscores the strong demand for outpatient medical clinic space in the neighborhood, reported Crain’s. Northwestern had said the hotel would be its next expansion target when it acquired the property. 

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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 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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