The $29 million sale of city-owned land for Rush University’s new medical academic village and a new training center for the Chicago Blackhawks is up for consideration by the Council’s Housing Committee this morning.
The sale is broken up into two ordinances – one for Rush (worth $17.5 million), and one for the Blackhawks (worth $11.7 million). The new projects will be built at the now-vacant site of the Malcolm X City Colleges campus in the 27th Ward, represented by Ald. Walter Burnett Jr.
The Housing and Zoning Committees have swiftly approved a series of changes–including land transfers, an upzone, and demolition appropriations–to accommodate the redevelopment plan for the site since Mayor Emanuel announced the plan in July of last year. Students from Malcolm X moved to a new campus in January.
Rush University Sale
The city plans to sell 315,000 square foot vacant lot at a negotiated price for a new $500 million Rush University Medical Center academic village at the site of the former Malcolm X City Colleges site. The development will take place in four separate phases, and will include four LEED designed buildings: three mixed use buildings with educational office, community health, conference, meeting and restaurant spaces. A fourth building will house 300 student residential units. There will also be a green roof, a landscaped open green space, 800 parking spaces and 200 bike spaces.
The negotiated sale price is $17.5 million. A portion of that sum, $1,800,000, will pay for education, scholarships, research, and health and wellness programs over the course of ten years from the closing date of the sale. According to the Mayor’s Office, the project is expected to create 50 permanent and 100 construction jobs as part of its initial phase.
The new Blackhawks hockey team redevelopment will include a 127,000 square foot facility with full-sized rinks in a dedicated facility for the team and for community hockey training. The facilities will have with 122 parking spaces. The Blackhawks will buy the property for $8.7 million, and $3 million that will be spent on community hockey training programs, fitness and nutritional programs and group events. The fair market value of the property is $9.5 million.
In a press release, the city says “Chicago Blackhawks Charities, the team’s philanthropic arm, will oversee year-round programs and clinics at the training center for the city’s underprivileged youth, ensuring the project’s community benefits extend to those who would otherwise be unable to cover the costs of ice time, equipment and transportation.”
The Department of Planning and Development will present the 2015 Fourth Quarter Progress Report of the city’s five year housing plan to committee members today as well. Usually these presentations are made at a standalone meeting later in the month. You can read prior reports from the city here, and from the Chicago Rehab Network here.
Three property sales through the Adjacent Neighbors Land Acquisition Program are up for a vote. The properties are in the 27th, 28th, and 4th Wards.
A series of right of way changes to accommodate construction of a parking lot for Sinai Health Systems in the 28th Ward is also up for committee consideration.