Children’s Memorial Hospital whittles developer candidates


(Crain’s) — Four development teams have made the first cut in the competition to redevelop the Children’s Memorial Hospital property in Lincoln Park, a parcel coveted by developers for its location and size.

Nine groups submitted proposals for the six-acre site in December, but Children’s Memorial released a short-list Friday that includes just four:

• Chicago-based McCaffery Interests Inc.

• Related Midwest, a local arm of New York-based Related Cos.

• A joint venture of Chicago-based Magellan Development Group LLC and Houston-based Hines Interests L.P.

• A team led by local developers David “Buzz” Ruttenberg, founder of Chicago-based Belgravia Group Ltd., and Greg Merdinger.

Originally posted at Crain’s Chicago Business