Children’s Memorial Hospital Redevelopment
After operating in Lincoln Park for more than a century, Children’s Memorial Hospital (now Lurie Children’s Hospital of Chicago) moved to Streeterville. This presented an opportunity for a new “town center” to emerge at the intersection of Fullerton, Halsted and Lincoln. The mixed-use plans for the site have been approved by City Council and would generate over $120 million in new City taxes and an overall economic impact of $3.5 billion.
The $300 million redevelopment was approved by the Chicago City Council back in 2014 and will include two 19-story luxury apartment buildings with a total of 540 units, up to 60 condo residences and approximately 160,000 square feet of commercial space. A portion of the land will be used to build 155 senior and assisted living units. The plan also contains 57,000 square feet of accessible open space including a landscaped central plaza, memorial garden and children’s play area. The project will target LEED® Gold certification.
Demolition of the hospital will begin in April, a process that will take about eight months. The developers expect to start construction on the six-acre site in first-quarter 2017, with the first tenants expected to move in by late 2018.
For additional information, regular updates and contact information about the Children’s Memorial Hospital redevelopment, please visit the project website.
ELEVATE Lincoln Park
Located in the 2500 block of Lincoln Avenue, ELEVATE (formerly known as Lincoln Centre) is a new development that will bring luxury condos and new retail to a stretch of the commercial corridor in need of investment.
This 9-story project by Baker Development, was approved by City Council in 2015. This transit-oriented development project will include 200 high-end rental units, 16,000 square feet of retail space, and 138 parking spaces.
Demolition of the site will begin in spring of 2016.Excavation and construction is scheduled to begin in early summer. The development team anticipates the project will be complete by fall of 2017. To learn more about the demolition schedule and related sidewalk and parking restrictions, please download this presentation.
For additional information, regular updates, and contact information about ELEVATE, please visit the project website.
DePaul School of Music
A new building for the DePaul School of Music was announced as part of part of DePaul University’s ten-year master plan for their Lincoln Park Campus. The 185,000-square-foot building will feature a 505-seat concert hall, two recital halls (140 seats and 81 seats), as well as smaller Jazz Hall. In addition, the new building will include teaching studios, rehearsal space, an atrium café, and common areas to serve as a gathering and social spaces for students and the community.
In November of 2015, the University announced that the Board of Trustees approved the plans to begin the construction of the new School of Music facilities on Halsted Street between Fullerton and Belden Avenues. The McGaw building was demolished in early 2016, and excavation and foundation work on the new building began in the spring of 2016. DePaul expects the first phase of the School of Music facilities to be complete in the spring of 2018.
Visit DePaul’s website for up-to-date information on construction.
Finkl Steel & North Branch Industrial Corridor
A two-year planning process has been completed to help create a plan that will be presented to the selected developer of the former Finkl Steel, A. Lakin & Sons, and Gutmann Tannery sites. Located between Cortland and Webster, and between Clybourn and the Chicago River, these industrial sites are part of a Planned Manufacturing District (PMD) and encompass more than 40 acres in Lincoln Park. Go here to read the North Branch River Works plan. At this time, discussions between the owner and potential buyers of several of these parcels are ongoing.
City of Chicago officials recently announced an initiative to discuss the future of industrial districts. Local Aldermen and City officials plan to hold a series of community meetings to discuss industrial corridors and PMDs. The results of this initiative will have a significant impact on the future of the former Finkl Steel site and surrounding area.