MCZ Hopes To Start Edgewater Medical Center Redevelopment This Summer

Redevelopment of the long-vacant Edgewater Medical Center could commence as early as summer, if developers get the go-ahead from the city. MCZ Development's Todd Mullen updated residents on the project's progress at a community meeting last week and said turning the building into apartments would be complete in Q1 2018, if demolition and cleanup is done by the end of the year.

Edgewater Medical Center has been vacant for 15 years. MCZ wants to redevelop the site into 141 apartments. The firm sold part of the site to the city in January; it will be developed into green space by the Park District, according to DNAInfo.

Mullen says demolition of surrounding structures is on schedule for July, once asbestos removal and rat extermination is complete. He wants to redevelop the main hospital building because its infrastructure lends itself perfectly for multifamily. 10% of the units will be set aside for affordable housing. [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

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

How A New Financing Model Helps Spur More Mixed-Income Housing

Riverwards Group Secures Construction Financing For 155 Units In Olde Richmond

While Chicago Development Stalls, Fulton Market Keeps Building