November 11, 2016
FOR IMMEDIATE RELEASE
Director of Marketing and Communication
IMD & Partners to Break Ground at Gateway Development Site
Mixed-use real estate development will provide long-term economic benefits to one of
the nation’s largest urban medical districts and its surrounding communities
CHICAGO– The Illinois Medical District (IMD), its development partners and city leaders today announced the groundbreaking on The Gateway Project, a one point two-million square foot real estate development located at 2020 W. Ogden Avenue. A small ceremony will take place onsite at 11 AM on Monday, November 14, 2016.
The development contract for the Gateway site was awarded in 2013 to Gateway Partners, LLC, following a competitive bidding process. Gateway Partners, LLC is comprised of East Lake Management, Higgins Development Partners and Thomas Samuels Enterprises. This 9.5-acre mixed-use development includes:
- 225-room hotel;
- Retail and amenity spaces;
- Medical office facility;
- Life Sciences laboratory;
- Fitness center;
- Residence tower for young professionals;
- Multi-family housing;
- Multi-level parking structure and;
- Open space public plaza.
“We’re thrilled to celebrate this occasion with our IMD partners and friends,” said IMD Executive Director Dr. Suzet McKinney. “The Gateway development will serve as a critical economic catalyst for the District and its surrounding communities.”
The Gateway Development is expected to create 3,000 construction jobs and 1,000 permanent jobs in the IMD. In addition, the 92,000 square feet of retail and amenity space will meet an existing demand for the 50,000 daily visitors and nearly 30,000 employees in the District. The medical and science spaces will expand opportunities for collaboration and research, keeping in line with the IMD’s future vision for the world’s next great healthcare innovation district.
The groundbreaking at the Gateway site comes during a time of comprehensive redevelopment planning that is currently underway throughout the District. Cook County Health and Hospitals System (CCHHS), Rush University Medical Center and the Chicago Transit Authority (CTA) have announced redevelopment projects that are expected to begin in the next year. In addition, several other new and existing IMD partners are in various phases of redevelopment and expansion plans, including the Chicago Center for Arts and Technology (ChiCAT), Growing Solutions Farm and the Chicago Lighthouse for the Blind.
“The west side has patiently awaited its turn to take part in the great economic growth that is happening throughout the city,” continued Dr. McKinney. “The time is now, and the Gateway Development is just the start of a brighter future for the IMD and the surrounding communities.”
Infrastructure construction is scheduled to being in late fall 2016, with scheduled early delivery of phase one of development occurring in May 2018. Retail vendors have yet to be determined. Following the groundbreaking ceremony, IMD leadership and Gateway Partners, LLC will be available for a short comment period.
The Illinois Medical District Commission (IMDC) fosters economic growth in the Illinois Medical District (IMD) by supporting healthcare, research, program, technology commercialization and real estate development initiatives. The IMDC facilitates collaboration among clinicians, academic researchers, private industry and patients, acting as an independent third party convener that brings institutions and individuals together around common needs, goals and themes. Our mission is to be a leader in patient care and medical research utilizing our diversity and unique assets while driving economic growth. www.medicaldistrict.org