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Medical District seeks new developer for big West Side project

Tuesday, January 21, 2014  
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From ChicagoRealEstateDaily.com
 

The commission that runs the Illinois Medical District is seeking a new developer to build a mixed-use project within the West Side complex two months after severing ties with a previous builder.


The Illinois Medical District Commission said it has issued a request for proposals from developers for two properties totaling 9.7 acres within the district. The goal: to build a "central hub” for the IMD that will include hotel rooms, conference space, housing and retail, dining, medical and office space, according to a news release from the commission.


The IMD picked Chicago-based Higgins Development Partners LLC to build the IMD Gateway Center, a project at 2020 W. Ogden Ave. that would have included a 200-room hotel, 100,000-square-feet of retail space and 200 residential units. But Higgins withdrew its proposal by "mutual agreement” in November.


For the new RFP, the IMD is offering the 9.5-acre Ogden site as well as a 0.2-acre parcel at 1910 W. Harrison St., currently home to the Higgie Building, which would be demolished, according to the IMD news release. The commission wants the IMD Gateway to range from 700,000 to 1.2 million square feet.


The RFP "reinforces the commission's unwavering commitment to creating much-needed business and meeting space and an inviting and vibrant hub to serve our diverse constituents,” Warren Ribley, executive director of the commission, said in the release.


The commission approved the RFP at a meeting this afternoon.


Proposals from developers are due March 6, and the commission plans to select a short list of developers by March 18 and refine proposals by May 20, according to the release.



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