Lincoln Park's Children's Memorial Hospital Will Be Torn Down Soon
By Mae Rice in News on Feb 15, 2016 4:09PM
Lincoln Park, buckle up for several years of sporadic construction noise! The vacant Children’s Memorial Hospital will be demolished in the next six weeks, which will be just the beginning of the redevelopment process for the six-acre site, the Tribune reports.
Developers McCaffery Interests and Hines have finally finalized the purchase of the lot, which sits at the intersection of Halsted Street and Fullerton and Lincoln avenues. Now, the two developers—who have partnered to work on the site, as Rejournals reported in 2015—plan to replace the hospital with a mixed-use development, according to the Tribune.
This development will have 600 luxury residences—540 apartments and 60 condos—plus 160,000 square feet of space for retail and outdoor recreation, including an outdoor play area for kids, according to the Tribune.
Construction on the new complex is slated to start in early 2017, and new residents should be able to move in by the end of 2018, the Tribune reports.
The Children’s Memorial Hospital complex has been out of use since 2012, when the children’s hospital relocated to Streeterville and became the Lurie Children’s Hospital of Chicago.