Tim Blum, executive vice president with HSA Commercial, represented the Village of Orland Park in a recently-announced proposal with the University of Chicago Medical Center whereby the prestigious healthcare provider will construct a four-story, 120,000-square-foot multi-specialty medical building at the northwest corner of 143rd Street and LaGrange Road. The state-of-the-art new facility will offer patients access to specialized treatment in radiation oncology and orthopedics and may include a variety of other medical specialties including gastroenterology, cardiology, pediatrics, women’s health and surgical consulting.
The University of Chicago medical building will feature a ground floor pharmacy with a drive through and a 580-vehicle parking structure comprised of a surface lot and a level of parking below grade. According to public documents presented at a special meeting of the Village board last week where the letter of intent received board approval, about 22,400 yearly patients and visitors are expected to utilize the facility which will employ approximately 100 medical professionals.
The new $61 million facility will be situated on 3.48 acres of village-owned land within the Main Street Triangle, a 27-acre site at the northwest quadrant of 143rd Street and LaGrange Road for which HSA Commercial is consulting with the Village on the planning of a dynamic, mixed-use downtown district. The Main Street Triangle is already home to Ninety7Fifty on the Park, a 300-unit luxury apartment building that opened to tenants last year. Future development and leasing plans for the balance of the 27-acre site include exciting entertainment venues, several unique restaurant and nightlife concepts, and specialty retail shops.
“We see the University of Chicago facility as an important catalyst that will spur the growth and development of the Main Street Triangle, bringing critical employment and daytime traffic to the shops and restaurants that will be constructed in future phases,” said Tim Blum. “The Village is certainly excited to have such a reputable strategic partner such as University of Chicago Medical Center as part of the project.”