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Chicago, IL (2020)

Friend Health Woodlawn HQ

Construction of a 38,000 square foot new medical clinic and corporate offices located in the economically distressed and medically underserved neighborhood of Woodlawn on Chicago’s south side.

Investment

  • NMTC Amount: $15,778,729
  • Total Project Cost: $22,500,000

IMPACT

  • 160 FTE jobs
  • 50 construction jobs
  • 60,000 patients served
  • 89% of patients served qualify as low-income
  • 38,000 sq. ft. of real estate

Investor

Project Description

SCORE allocated $7.0MM of federal NMTC allocation to Friend Health Woodlawn HQ for construction of a 38,000 sq. ft. new medical clinic and corporate offices located in the economically distressed and medically underserved neighborhood of Woodlawn on Chicago’s south side. The Project consists of acquiring an underutilized, 30,000 sq. ft., two-story masonry building and rehabbing the west façade to create an additional 8,000 sq. ft. of medical office space, installing new systems and elevators, and constructing a first-class healthy lifestyle center and medical clinic with ground floor retail space.

The Project brought more than 200 new permanent high quality jobs into this predominantly African American community and is part of a “four corners” strategic revitalization initiative for the commercial intersection of 63rd Street and Cottage Grove Avenue, critical to making Woodlawn a community of choice.

DL3 Realty, in connection with local stakeholders and key anchor institutions has been involved in a master planning effort for the 63rd Street and Cottage Grove avenue intersection to create a “four corner” revitalization strategy of this important commercial node, including acquisition and redevelopment of the Washington Park National Bank Building located on the Southwest corner, Preservation of Affordable Housing’s redevelopment of the Southeast corner into mixed-use office and retail space, and recent redevelopment of the Northeast corner into mixed-use housing and ground floor retail, and the City of Chicago’s plans to renovate the Cottage Grove Green Line “L” station. DL3 is proud to partner with Friend Health, a federally qualified health center, to acquire and redevelop the project site located at the Northwest corner of the intersection – critical to fully actualizing this “four-corner” solution.

Friend Health anticipates it will service over 60,000 patients annually at this new HQ facility.

MAP

Address: 6250 South Cottage Grove Avenue, Chicago, IL 60637

Census Tract: 17031420500

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