The Former Reese Hospital, Revitalized as the Burnham Lakefront
The Former Reese Hospital, Revitalized as the Burnham Lakefront
By Christopher Shuttlesworth
The former Reese hospital property will soon be re transformed into the Burnham Lakefront site, which will serve as a catalyst for growth in neighborhoods like South Shore,
Jackson Park, Bronzeville, Hyde Park and others.
Scott Goodman, who is the lead developer for the Burnham Lakefront site, explained that the property was set to be called the Olympic Village, but due to Chicago being outbid by Brazil for the 2016 Summer Olympics, it remained vacant until now.
“We think that with so many things within the global business market and the demand of space, it’s a unique time for this unique Lakefront property to be developed,” Goodman
said.
He continued to say that the property is important for local Chicagoans because the overreaching goal is to bring more quality jobs to the community and it will compliment many surrounding museums and institutions like the upcoming Obama Presidential Center.
The Burnham Lakefront will be 100-acres of land with an additional 1 44 acres for connected housing opportunity and 14 million square feet of new development that includes office space, housing, retail, open space, data centers and amenities,
according to a Burnham Lakefront press release.
“This site is directly adjacent to the McCormick Place and will be well served by public transportation, highways and will have
tremendous connectivity in terms of fiber,” Goodman said. “The site will also continue the fabric of the cit y that creates jobs,
more community spaces and encourage greater use of the Lakefront and business development.”
The Burnham Lakefront size and location will also help create a SmartGrid or District Energy system, which would bring renewable energy (solar, wind, geothermal) and provide energy sources for the project.
“It will be fully sustainable in terms of power and we think to be able to put together 30 to 100 acres of land allows us to build an entirely for ward-looking, modern neighborhood [that will] be surrounded by rich-cultured communities,” Goodman said.
He added the project will take up to 10-12 years to be completed, but the redevelopment agreement with the city of
Chicago will soon be finalized in hopes of working on the site in the coming months.
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