LPCC Concerned Over Fresh Market's Departure from Webster Square Development
Lincoln Avenue to Feel Impact of Vacant Anchors

CHICAGO (December 15, 2011) – Citing changes to the loading procedure for delivery trucks serving as an impediment for normal business operations, the Webster Square development team announced that the Fresh Market has pulled out of the site once home to Lincoln Park Hospital.

“The Lincoln Park Chamber of Commerce is concerned about what this announcement means for the fabric of the surrounding business community, notably the success of businesses along Lincoln and Webster Avenues,” said Kim Schilf, LPCC president and CEO. “Without an anchor at the redevelopment site, what does the future hold for the rest of the project?

“While we recognize the development team’s decision to move forward on construction, we remain steadfast in our message about the importance of a development at this site bringing jobs to Lincoln Park and traffic to local businesses,” Schilf continued. “The LPCC believes a new tenant can be secured for this desirable part of the neighborhood. In the meantime, we continue to urge local residents to patronize local shops, restaurants and services – especially ahead of Children’s Memorial Hospital’s departure next year. Our local businesses cannot survive without the support of the community with two empty properties of that magnitude on the same block.”

You can read the LPCC's letter in support of this project from last year here.

Make Chicago safe for everyone this winter by clearing snow and ice from the public sidewalks around your property.

We are all pedestrians at some point in the day, without a wide, clear path we aren't able to safely navigate from a car, to the bus, or to a local business. Be a good neighbor and offer to help those in your community who are unable to clear their sidewalk as well.

Chicago Municipal Code sections 4-4-310 and 10-8-180 specifies that both homes and businesses must clear snow from sidewalks next to their property.

Lincoln Park Chamber of Commerce Statement:
Children’s Memorial Hospital Selects Developer
McCaffery Interests, Inc. Will Impact Lincoln Park’s Future

CHICAGO (July 14, 2011) – On Thursday, July 14, 2011 Children’s Memorial Hospital selected McCaffery Interests, Inc. as the development team for their soon-to-be-vacated property along Lincoln Avenue in Chicago’s Lincoln Park community.  The Lincoln Park Chamber of Commerce (LPCC) supports a development strategy that maintains the site’s position as a central meeting point in the neighborhood that provides economic vitality for the area’s businesses.

“The Lincoln Park Chamber of Commerce shares in Children’s Memorial Hospital’s excitement over the selection of McCaffery Interests, Inc. to conceive and build the next phase of history for this coveted land in the center of the Lincoln Park neighborhood,” said Kim Schilf, LPCC President and CEO.  “The economic impact provided by Children’s Memorial Hospital’s employees, visitors and families will be immediately missed when the hospital closes in 2012.

“Input from the community through Children’s Memorial Hospital’s engaging neighborhood process has provided McCaffery Interests, Inc. with a dynamic look into the needs of Lincoln Park,” Schilf said.  “We look forward to working closely with McCaffery Interests, Inc. and 43rd Ward Alderman Michele Smith as they collectively shape Lincoln Park’s future.  The LPCC is confident that McCaffery Interests, Inc.  and Alderman Smith will continue to engage the community while developing a strategic vision for the site.”

Children’s Memorial Hospital is currently one of Lincoln Park’s largest employers and their economic footprint extends well beyond the walls of the hospital.  Each year more than 265,000 impatient and outpatient children are cared for by Children’s Memorial Hospital.  4,370 doctors, residents, staff and more currently call Children’s Memorial Hospital their employer.  All told, more than 1.5 million people visit Children’s Memorial Hospital annually.

In June 2012, local businesses will lose a significant customer base when those visits to the neighborhood end.  The LPCC looks to any new project at this site to have responsible density solutions as part of their plan.  The LPCC will share in the community process in the years to come.

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Children’s Memorial Hospital today (July 14, 2011) announced that it has selected Chicago development firm McCaffery Interests, Inc. to begin contract negotiations to re-develop its Lincoln Park properties when the hospital moves downtown in June of 2012. This announcement follows an extensive review of nine development proposals over the past several months.

McCaffery Interests is proposing a mixed-use development that includes primarily residential and retail space that will effectively become the “town center” of Lincoln Park, enhancing the vitality of the entire community. The proposal includes open space, preservation of many existing buildings, housing for varying income levels, parking for the project and the community - all incorporating sustainability principles. Representatives from McCaffery will begin to share the details of their proposal with key community stakeholders in the coming weeks. 

“We are excited by the opportunity to work with Children’s, the City of Chicago, Alderman Michele Smith and the Lincoln Park community. Our team has extensive experience developing mixed-use projects in neighborhoods such as this.  We look forward to moving our proposal forward through the public process to create a place that is special and supported by the community,” commented Daniel McCaffery, Chairman and CEO of McCaffery Interests.

“McCaffery’s proposal incorporates significant community input that we have received throughout this process.  With the leadership of Alderman Michele Smith, we are confident that their team will work with the City of Chicago and the Lincoln Park community in a thoughtful, productive manner to re-develop our hospital properties,” said Patrick Magoon, President and CEO of Children's Memorial Hospital. “The proceeds from the sale of our properties are very important to our ability to build our new hospital and to continue to care for the region’s most critically ill and injured children,” he said.

Besides the main hospital, which sits on 3.5 acres at the corner of Fullerton and Lincoln, Children's Memorial is selling an eight-story office building at 700 West Fullerton Parkway and several properties near the hospital also on Lincoln Avenue. The entire property offering totals approximately six acres of land. 

Children's Memorial will maintain a strong investment in Lincoln Park after the new hospital opens downtown in 2012. Children's Memorial currently intends to retain the Clark/Deming, Children’s Memorial Research Center (including Porter Park), Belden/Halsted and Kids Doc (1970 N. Clybourn) buildings, as well as continue to lease a building at 1731 N. Marcey street.

Contacts for further questions: 
Martin Stern, U.S. Equities Realty, (advisors to Children’s Memorial Hospital in developer selection process): (312) 456-7070
Daniel McCaffery (via Pamela Austin), McCaffery Interests, Inc., (Developer): (312) 944-3777

Quick facts about Children’s Memorial’s new hospital:

Name: Ann & Robert H. Lurie Children’s Hospital of Chicago, in recognition of Ann Lurie’s $100 million gift.  Second and subsequent reference is Lurie Children’s.
Location: 225 E Chicago Ave, on campus of academic partner, Northwestern University’s Feinberg School of Medicine
Timetable: Opens in Summer 2012
Size: 23 stories; 288 licensed beds with capacity to grow to 313.

For more information, please visit www.childrensmemorial.org/newhospital   

About U.S. Equities Realty

U.S. Equities Realty is a leading full-service commercial real estate firm headquartered in Chicago. The company serves as a strategic real estate advisor to clients throughout the United States and Latin America, providing tenant representation, consulting and advisory services; asset management and leasing; development and program management services; and financial and investment services. For more information, visit www.usequities.com   

About McCaffery Interests, Inc.

McCaffery Interests, Inc., is a privately owned, full-service commercial real estate company that has been in the business of investing, developing, leasing, managing and selling real estate since 1991. The McCaffery Interests portfolio of planned, completed and managed projects exceeds 20 million square feet and includes office, mixed-use, hotel, and residential properties, as well as large, master-planned communities and land developments. With headquarters in Chicago, IL and a regional office in Washington, DC, McCaffery has controlled assets and completed developments valued in excess of $2 billion. For more information, visit www.mccafferyinterests.com.

Lincoln Park Chamber of Commerce Statement:
Children’s Memorial Hospital’s Impact on Lincoln Park Business Community
“Neighborhood Anchor” Key to Lincoln Park’s Success

CHICAGO (July 11, 2011) – As Children’s Memorial Hospital nears completion of their developer search, the Lincoln Park Chamber of Commerce (LPCC) supports selection of a proposal that will fill the customer gap local businesses will feel after the hospital relocates to Streeterville next year.  Restaurants, coffee shops, florists, health and beauty providers, service-oriented businesses and more rely on the economic impact that Children’s Memorial Hospital provides on a daily basis to survive.  When the hospital closes its doors in 2012, local businesses will be without a significant customer base almost overnight.

To better understand the initial economic impact of Children’s Memorial Hospital’s departure from the Lincoln Park community, the following represent initial figures about the visitors in and out of the hospital on a daily basis (Statistics courtesy of Children’s Memorial Hospital):

• More than 1.5 million individuals are present on the campus on an annual basis, or an average of 4,100 persons per day. 
• 265,000 annual inpatient and outpatient visits to the Lincoln Park-based hospital will no longer be visiting the site – 69,000 inpatients and 195,000 outpatients annually;
• Number of employees being relocated to Streeterville, including staff, physicians, residents, fellows, nurses and volunteers totals 4,370;
• 727 children visit Children’s Memorial Hospital daily – a  number that represents inpatients, outpatients plus additional family members and other supporters;
• 1,332 cars use the Children’s Memorial Hospital parking garage daily – considering the amount of people that take public transportation or park on the street, a significant number of bodies are in the hospital at all times

“The Lincoln Park Chamber of Commerce recognizes first-hand the economic impact that a neighborhood anchor like Children’s Memorial Hospital brings to the business community on a daily basis,” said Kim Schilf, LPCC President and CEO.  “We have worked closely with Children’s Memorial Hospital for more than 18 months to highlight the needs of local businesses.  From community meetings to anecdotal information, the LPCC has heard what will improve Lincoln Park’s future and shares the neighborhood’s desire to secure a project that creates a destination-style development at this popular intersection.

“In selecting a developer for the project, we are confident that Children’s Memorial Hospital has considered the importance of a development that retains a responsible level of density for the future of the neighborhood and its many small businesses,” Schilf said.  “The LPCC looks forward to working closely with Children’s Memorial Hospital, the selected development team and 43rd Ward Alderman Michele Smith throughout the transition phase.”

The LPCC supports responsible development solutions that draw potential consumers to the Lincoln Park community while implementing innovative design characteristics and environmentally-friendly building techniques.  Children’s Memorial Hospital represents one of Lincoln Park’s largest employers and their economic footprint extends well beyond the walls of the hospital.  The LPCC will share in the community process in the years to come.

# # #
 

In the June 2, 2011 edition of TimeOut Chicago a special insert urging residents to “Rediscover Lincoln Park” was featured.  Providing interesting suggestions for things to do in Lincoln Park, ranging from food and beverages to culture and the outdoors, as well as a complete neighborhood map, the TimeOut Chicago insert featured dozens of businesses and Lincoln Park Chamber of Commerce (LPCC) members.

Made possible by a unique partnership of the LPCC, Chicago History Museum, Clark Street Special Service Area #23, Lincoln Park Zoo, Steppenwolf Theatre Company and Vesta, the TimeOut Chicago insert will also be distributed throughout the Lincoln Park and Chicagoland community to serve the tourism market.

We worked with our community partners and TimeOut Chicago on “Rediscover Lincoln Park” to offer additional visibility for our neighborhood while attracting Chicago residents and tourists (the piece is being distributed through the Office of Tourism and concierge partners) to Lincoln Park. TimeOut Chicago worked diligently to research our neighborhood’s destinations – both popular and off-the-beaten path – and develop a keenly unique approach to editorial and design.

Rediscover Lincoln Park produced by TimeOut Chicago is available in bulk if you would like additional copies for your clients, coworkers or customers. We are happy to send you more copies or several boxes, depending on your needs, at no charge.  To request copies of this publication, please fax the information below to (773) 880-0266 or call our office at (773) 880-5200.  You may also email us at info@lincolnparkchamber.com.

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