Childrens Memorial Hospital moving after 125 years in Lincoln Park.

[Inland]

I just saw that Peter's Restaurant and the Parkway were gone two days ago. But enough nostalgia. Let's talk real estate!!!

http://www.chicagotribune.com/business/chi-0604060163apr06,1,2885573.story?coll=chi-news-hed


Children's Memorial Hospital said Wednesday that it plans to relocate and build a new $750 million medical center in Streeterville, a Chicago neighborhood that is building a reputation as a national destination for medical care.

A unanimous vote by the Children's board means one of the nation's top pediatric centers will leave the Lincoln Park neighborhood where it began in 1882 in a cottage on the corner of Belden Avenue and Halsted Street.

In recent years Children's has outgrown its more than 50-year-old facilities at the intersection of Lincoln Avenue and Fullerton Parkway, forcing hospital staff to turn away more than 200 children a year.

Plans call for Children's to break ground in 2008 on a site near the Northwestern University medical school in the North Michigan Avenue area. The new hospital is expected to open in 2011 with the ability eventually to treat 12,000 patients or more a year.

The hospital treats more than 9,000 patients annually now.

Children's joins a parade of leading teaching hospitals across the country, and in Chicago, that aim to be more patient friendly in an era when consumers frustrated with rising health-care costs are demanding more convenience.

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http://www.chicagotribune.com/business/chi-0604060163apr06,1,2885573.story?coll=chi-news-hed
Children's Memorial Hospital's proposed move to Streeterville from its historic Lincoln Park home could present developers with one of the North Side's most lucrative real estate opportunities in recent years.

But it also could be one of the biggest headaches.

Large development sites in the tony lakefront neighborhood are rare, yet the value of the hospital property would depend largely on how big a development could be built on the site, a triangular parcel bounded by Fullerton and Lincoln Avenues and Orchard Street.

Developers already are looking warily at the location, which could not only be the site of a prominent mixed-use project but also the battleground for a prolonged fight with local residents.

[mopinko]

1. warily my shiny metal ass.

these old hospitals are rat mazes. the new ones are so incredibly much more efficient.

but, warily?? hahaahahahhahaaa. this has been in the works for quite a while. skids are already well greased. take it to the bank.

[Inland]

3. Ha!

Took me a second. Futurerama comes on too late for me.

I can't imagine a propective land use plan that would cause more traffic or noise or anything than a nine hundred bed hospital. I had no idea it was that big.

[mucifer]

2. This is part of the reason I lost my job

I was a home health nurse at Children's and they got rid of their home health dept because we were losing money. The doctors and nurses from the depts that used our home health notice a sharp decline in quality of using other agencys as opposed to using us. Oh well, now the kids will have flat screen tvs in their fancy private rooms. (Yeah I'm a little bitter.)

[madrchsod]

4. i subscribe to a hospital design magazine

this should be a gold mine for the latest technology and hospital design in a confined space . most new hospitals and clinics are built on large parcels of land..this will be very interesting. this building will be the newest and probably the greenest new building or hospital in chicago and maybe america..green is in hospital design

[Inland]

5. "confined space" was certainly my first thought.

I'm not sure where they can squeeze it into Streeterville, and the land prices dictate efficient use of space.