The Illinois Medical District Commission approved a 1.16 million sf, $300 million mixed-use project in Chicago’s Illinois Medical District. The decision is an important step for the IMD Gateway Center project, a scaled-up version of an earlier $162 million proposal by Higgins Development.
Gateway Center will sit on a 9.5-acre site of mostly surface parking lots. Current plans include a 10-story, 225-room hotel; a 16-story, 200-unit apartment building; a second apartment building, of 224,000 sf; 92,000 sf of retail space; an 88,000 sf medical office building; 100,000 sf of lab space; and a five-story parking garage.
Lead developer, Gateway Development Partners L.L.C., is composed of Higgins Development Partners, Thomas Samuels Enterprises, East Lake Management & Development Corp. and Isiah Real Estate L.L.C., which is headed by former NBA star Isiah Thomas.
A groundbreaking is expected to be held within a year. The developer will hold a 75-year ground lease expected to provide the IMDC with more than $1 million annually.
Related Stories
Codes and Standards | Jun 11, 2015
Helena, Mont., may charge commercial developers a fee to fund public art
The fee would apply to new construction or alteration of nonresidential buildings of at least 20,000 sf.
Codes and Standards | Jun 11, 2015
DBIA releases new document on choosing a project delivery method
Provides owners and others with factors to consider when choosing the best method of delivery for their project.
High-rise Construction | Jun 5, 2015
Japanese policymakers discuss mandate for toilets in elevators
This quirky-sounding building code is a safety measure for the earthquake-prone nation.
Codes and Standards | Jun 4, 2015
OSHA publishes guide to restroom access for transgender workers
The guide advises employers to allow employees to use restrooms that correspond to their gender identity.
Codes and Standards | Jun 4, 2015
Guide helps Building Teams maximize team integration
The guide includes forms to support a two- to four-hour workshop to help an owner select the most appropriate delivery strategy.
Codes and Standards | Jun 4, 2015
NIBS, RICS to explore P3 as tool to achieve high-performance buildings
The idea of applying the P3 concept more to buildings, and especially building performance, is a potentially promising new avenue in the U.S., according to the trade groups.
University Buildings | May 30, 2015
Texas senate approves $3 billion in bonds for university construction
For the first time in nearly a decade, Texas universities could soon have some state money for construction.
Multifamily Housing | May 30, 2015
Energy Department releases resources to assess building energy benchmarking policies, programs
The new handbook demonstrates methodologies using real data from New York City.
Codes and Standards | May 27, 2015
Construction industry concerns with ‘Waters of the U.S.’ rule remain
EPA and Corps of Engineers rule may lead to a longer, more expensive permitting process
Codes and Standards | May 22, 2015
Rapid growth for environmental insurance in construction industry
The U.S. Environmental Protection Agency is paying closer attention to intrusion of potentially harmful vapors into commercial and residential buildings.