The Community Development Commission has approved the $96.9 million sale of the former Michael Reese Hospital site to the developers of the Bronzeville Lakefront megadevelopment in Bronzeville. Located at 2929 S Ellis Avenue, the property is bound by E 26th Street to the north, E 31st Street to the south, S Vernon Avenue to the west, and S Lake Park Avenue to the east. The developers for the site are a team called GRIT Chicago, composed of Farpoint Development, Loop Capital, Draper & Kramer, Chicago Neighborhood Initiatives, McLaurin Development, and Bronzeville Community Development Partnership.
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The Chicago Plan Commission has approved the Bronzeville Lakefront Megadevelopment planned for the former Michael Reese Hospital site in Bronzeville. The 71-acre site spans a large parcel of land from E 26th Street to E 31 Street from north to south, and from S Martin Luther King Drive to S Lake Park avenue from west to east respectively. The existing Prairie Shores residential complex is included in the scope of this project, but will remain unchanged.