Roosevelt Collection’s parent company, McCaffery Interests, was selected to redevelop the Children’s Memorial Hospital in Lincoln Park. Chosen after an extensive review from nine proposals, McCaffery Interests is “excited about this opportunity to work with Children’s, the City of Chicago, Alderman Michele Smith and the Lincoln Park Community,” said Daniel McCaffery, Chairman and CEO of McCaffery Interests.
With six-acres available for restoration, McCaffery proposed a mixed-use development that includes primarily residential and retail space that will essentially become a “town-center” for Lincoln Park.
“McCaffery’s proposal incorporates significant community input that we have received throughout this process. With the leadership of Alderman Michele Smith, we are confident that their team will work the City of Chicago and the Lincoln Park community in a thoughtful, productive manner to re-develop our hospital properties,” said Patrick Magoon, President and CEO of Children’s Memorial Hospital.
Children’s Memorial Hospital is selling the property to raise money for its new hospital, which is under construction at 225 E. Chicago Ave. in Streeterville. The location expects to open in the June 2012.
McCaffery’s partners in the project include: the architectural firm Antunovich Associates, which helped shepherd an expansion of DePaul University with little trouble in Lincoln Park, and the general contractor W.E. O’Neil Construction, which has received high marks for its work in the dense but mostly residential neighborhood.
Read the full press release here.
For more information regarding McCaffery Interests, please go to http://www.mccafferyinterests.com/
Makenzie Davies is a Social Media Marketer for Otherwise Incorporated.