Chicago pitches shuttered Michael Reese Hospital as Amazon HQ2 site

Chicago pitched the former site of Michael Reese Hospital in its Bronzville neighborhood as a potential location for Amazon's second North American headquarters, according to The Chicago Tribune.

The development has been dubbed Burnham Lakefront and includes the 49-acre hospital site but could expand to more than 100 acres. A group of Chicago firms including Farpoint Development and Draper and Kramer are planning a multibillion-dollar project that could bring up to 14 million square feet of residential and commercial real estate to the site.

This will mark Illinois' fourth HQ2 bid.

Amazon is seeking about 8 million square feet for its HQ2. The e-commerce giant said it will give preference to metropolitan areas with more than 1 million people that have access to an international airport, mass transit, quality higher education, a highly educated workforce and a business-friendly environment. The company expects the new campus to cost $5 billion and generate nearly 50,000 jobs. Cities must submit their proposals to Amazon by Oct. 19.

"A site of this size with lakefront access is a rare opportunity, and one that needs to be capitalized on," Farpoint Development co-founding Principal Scott Goodman told The Chicago Tribune. "We think we have one of the most attractive sites available in America for an urban corporate campus."

Mr. Goodman declined to estimate the development's cost and it remains unclear how the project would be funded.

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