CHICAGO | Metropolis Pointe | 50 FLOORS

[Randomguy34]

Oh, this is a surprise

$900 million Bronzeville tower and AI lab project nears key land deal

Griffin Venture Group is under contract to acquire the 6.6-acre development site at the corner of 26th Street and Martin Luther King Drive, between McCormick Place and the former Michael Reese Hospital site, said the firm’s founder, JC Griffin.

Griffin unveiled plans for Metropolis Pointe earlier this year. The proposal includes a 50-story tower with more than 600 residential units that would include a mix of workforce, market-rate and luxury condominium housing and an “AI Preparedness Institute,” an education and workforce training center focused on artificial intelligence and emerging technologies.

The development, which has an estimated total cost of $900 million, would also include retail space and wellness-focused community amenities, according to an announcement from GVG.

http://chicagobusiness.com/commercial-real-estate/bronzeville-ai-tower-project-nears-land-sale-deal