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 | May 18, 2020
California’s grid can support all-electric buildings
Load-shifting will help reduce peak demand.
Codes and Standards | May 15, 2020
European cities to revamp transportation after pandemic reopening
Road closures, new rules for public transit will be imposed.
Codes and Standards | May 14, 2020
Washington State construction industry restart plan has three phases
In state with earliest COVID-19 cases, advisory group developing priorities based on risk.
Codes and Standards | May 14, 2020
More mass timber beam and column options available in the U.S.
Freres Lumber unveils new line of structural elements suitable for high-rise buildings.
Codes and Standards | May 13, 2020
Researchers flag insufficient training for construction workers on healthcare projects
May contribute to fungal disease outbreaks that endanger patients
Codes and Standards | May 8, 2020
New NIBS report evaluates natural disaster mitigation strategies
Document examines strengthening buildings for flood, wind, wildfires, and earthquakes.
Codes and Standards | May 6, 2020
A few ways contractors can manage COVID-19 risks
Staggered start times, rigorous tool cleaning, virtual training among the strategies.
Codes and Standards | May 5, 2020
NAHB loses influence in 2021 IECC building code development
Despite objections from the National Association of Home Builders (NAHB), the development of the 2021 International Energy Conservation Code (IECC) is nearing conclusion. NAHB objected to several more stringent energy efficiency provisions.
Codes and Standards | May 5, 2020
2020 IECC will lead to significant carbon emissions reductions
New model building code nearly finalized.
Codes and Standards | May 4, 2020
New York expands prevailing wage law
Now includes private projects with 30% or more of public subsidies.