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Chicago & Midwest  + South Side  + Healthcare  |  March 13, 2020
Chicago Plan Commission
Paul Bubny
By: Paul Bubny

Sheba Med Center Will Anchor Health Tech Hub at Michael Reese Site

Sheba Medical Center of Tel Aviv will anchor a health and wellness innovation hub that will serve as the first phase of a redevelopment of the former Michael Reese Hospital site in the South Side’s Bronzeville.

The project is being developed by GRIT, a joint venture of Farpoint Development, Bronzeville Community Development Partnership, Chicago Neighborhood Initiatives, Draper & Kramer, Loop Capital and McLaurin Development, in partnership with Kaleidoscope Health Ventures.

“Innovation at this site will put Chicago at the forefront of a burgeoning holistic health and wellness industry, contribute $1.8 billion to Chicago’s economy over 20 years, and directly address local health challenges, including Chicago’s 30-year life expectancy gap,” said Scott Goodman, principal of GRIT. He was referring to the life expectancy gap between upscale Streeterville and the South Side’s Englewood.

At full build-out, the mixed-use redevelopment will encompass 100 acres. Phase 1 is anticipated to begin in 2021.

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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