University of Chicago Medicine Chooses Downtown Orland Park for New Medical Facility

University of Chicago Medicine Chooses Downtown Orland Park for New Medical Facility
Posted on 05/19/2014

At a special meeting on Thursday , May 15, 2014, the Village of Orland Park Board of Trustees unanimously approved a letter of intent with the University of Chicago Medicine for the development of a 120,000-square-foot medical facility in Downtown Orland Park.

The development, which is subject to review and approval from the Illinois Health Facilities and Services Review Board, would include a pharmacy and a 580-space parking structure. The proposed mixed-use building is expected to employ more than 100 people and create more than 200 construction jobs.

The project also would bring $61 million in private investment and 22,400 annual visitors/patients to Orland Park’s downtown. The direct financial benefit to the village, through the terms of the letter of intent, is estimated to be $25.5 million.

“We are very excited that the University of Chicago Medicine chose Downtown Orland Park as its location of choice in the Chicago metro market,” said Orland Park Mayor Dan McLaughlin. “This development will bring people and activity to the downtown area during the day, resulting in a true mixed-use, transit-oriented development,” McLaughlin said. “I’m especially excited about the number of higher-end jobs this type of facility will bring to Orland Park.”

The letter of intent calls for a lease-to-purchase agreement for approximately 3.48 acres of village-owned land at the northwest corner of LaGrange Road and 143rd Street.

“We look forward to working with area medical providers to better coordinate care for complex patients and to provide residents easier access to groundbreaking research and treatments,” said Sharon O’Keefe, president of the University of Chicago Medical Center.

The project calls for the medical center to allow public use of its 580-space parking garage during evenings and weekends at no cost to the village.

“The value of the parking structure is priceless,” said Trustee Kathy Fenton, chair of the village’s Development Services Committee. “This will enable evening and weekend visitors to Downtown Orland Park to park their cars and visit the restaurants, shops and entertainment planned for the area and throughout the village — a true pedestrian friendly development.”

Marco Capicchioni, vice president of facilities planning, design and construction for University of Chicago Medicine, said the proposed medical facility would accommodate the growing health care demands of the region.

“After carefully assessing the needs of the greater Chicago-area market, we determined Orland Park was an ideal location in that it is rapidly growing.”