McCaffery Prepping For Demolition Of Children's Memorial Hospital

Children's Memorial Hospital site, Chicago, IL
43rd Ward Office

The best laid plans almost always become entangled in red tape. At least that's why demolition of the former Children's Memorial Hospital isn't underway. McCaffery Interests CEO Dan McCaffery says permit obstacles delayed razing the buildings until June 7.

McCaffery told attendees at a community meeting in March the eight-month demolition process would begin in April, DNA Info reports. It's unknown if that will result in a delay on redeveloping the site, originally set for Q1 2017. McCaffery and partner Hines Interests landed a sovereign wealth fund based in Abu Dhabi for the $50M project, which will include 540 luxury apartments, 60 condos and 160k SF of retail along Lincoln Avenue.

To prepare for the demolition, crews will begin setting up scaffolding and cutting off water mains from May 26 to June 6. McCaffery says crews have used the delay to be thorough in rodent abatement. [DNA]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

California Investor Scoops Up Amazon Warehouse: The Chicago Deal Sheet

How Crystal Lake 'Connects The Dots' To Building Complete Community

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Prologis Acquires 69 Acres For 1M SF Chicago-Area Industrial Development

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

First LaSalle Street Reimagined Conversion Opens In Chicago's Loop

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient