The Chicago Bears are potentially in talks to reconsider the former Michael Reese Hospital Site in Bronzeville for their future stadium plans. Currently the 49-acre property sits vacant as it awaits to be redeveloped into the Bronzeville Lakefront Megadevelopment, but plans have struggled to get going.
Site preparation can be seen for the Bronzeville Lakefront megadevelopment, led by the development coalition known GRIT Chicago. The $3.8 billion mixed-use redevelopment of the historic site of the former Michael Reese Hospital is a collaboration between local firms Farpoint Development, Loop Capital, Draper & Kramer, Chicago Neighborhood Initiatives, McLaurin Development, and the Bronzeville Community Development Partnership.
An anticipated groundbreaking date has been announced for the first phase of the Bronzeville Lakefront megadevelopment in Bronzeville. Located on the massive former Michael Reese Hospital site, the multi-phase project is the first in the nation to have a 50 percent Black development team. That team is operating under the name GRIT Chicago LLC and comprises Farpoint Development, Loop Capital, Draper & Kramer, Chicago Neighborhood Initiatives, McLaurin Development and the Bronzeville Community Development Partnership.
The Chicago City Council has approved the Bronzeville Lakefront Megadevelopment planned for the former Michael Reese Hospital site in Bronzeville. The 71-acre site spans from E 26th Street to E 31 Street north to south, and from S Martin Luther King Drive to S Lake Park Avenue west to east respectively. The plan comes from a development team called GRIT Chicago, composed of Farpoint Development, Loop Capital, Draper & Kramer, Chicago Neighborhood Initiatives, McLaurin Development, and Bronzeville Community Development Partnership.
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.
