CRE Midwest

McCaffery Interests and Hines to redevelop former Children's Memorial Hospital property in Chicago

CMH-Annex-Building-2

McCaffery Interests and Hines announced they have formed a partnership to redevelop the former Children’s Memorial Hospital site in Chicago’s Lincoln Park neighborhood.

McCaffery Interests and Hines announced they have formed a partnership to redevelop the former Children’s Memorial Hospital site in Chicago’s Lincoln Park neighborhood.

The current Planned Development was approved by the Chicago City Council in April 2014. McCaffery and Hines expect to begin demolition by year-end, and the new development is anticipated to be completed in 2018.

Located at the intersection of Lincoln Avenue, Fullerton Parkway and Halsted Street, the project is poised to transform the six-acre site, which has been vacant since the hospital moved to its new Streeterville facility in 2012.

The project, approved by the City of Chicago, will consist of two luxury apartment buildings with a total of 540 units, approximately 160,000 square-feet of retail and up to 60 low-rise condominium residences.

Designed by Antunovich Associates in collaboration with Skidmore, Owings & Merrill, the project will add a new sense of vitality to this unique and significant site in the heart of Lincoln Park. The project includes the adaptive reuse of several historic structures, including two terra cotta-façade buildings.

The development will provide the community with more than 57,000 square feet of accessible open space, including a landscaped central plaza, gardens, fountains and a children’s play area. The project will implement the latest sustainable design and construction practices and will target LEED® Silver designation. A number of Affordable Housing units for working-class families in this high-quality neighborhood will be incorporated.

The project will also entail substantial investments in public infrastructure, facilitating vehicular and bicycle traffic circulation and improving the pedestrian experience. The project is transit-friendly with the Fullerton CTA stop located just three blocks away, major bus routes running on Lincoln, Halsted and Fullerton and dedicated bike lanes on Lincoln and Halsted. The site is approximately a half mile from the lakefront and other well-known attractions such as Lincoln Park Zoo, Lincoln Park Conservatory, Oz Park and the Peggy Notebaert Nature Museum.