The Florida actual property agency that owns the shuttered MetroSouth Medical Middle within the southern Chicago suburb of Blue Island is looking for to promote the property as a movie studio or life science campus.
A enterprise of Lockwood Companions employed SVN Chicago Business to market the location, which spans 12.5 acres and consists of the 509,000-square-foot former MetroSouth Medical Middle that closed in 2019, Crain’s reported. Additionally included is a 43,000-square-foot medical workplace constructing at 2310 York Road and a parking storage and floor lot with house for 819 autos.
An asking worth hasn’t been launched, Lockwood purchased it for $20 million in March 2020, solely to have its plan to transform the hospital into housing for veterans upended by the pandemic. The state took management and spent about $20 million on upgrades so it might function as an emergency web site for Covid sufferers.
Lockwood regained management in 2021 and commenced renting it to movie and TV manufacturing corporations beneath the model “MetroFilm Studios.” Reveals for Amazon, HBO and Netflix have filmed in and across the constructing. Amid rising demand for streaming content material, movie and TV producers spent a document $631 million filming in Illinois final yr.
Lockwood has been in talks with an unidentified manufacturing studio about teaming as much as convert the whole campus into studio house,, and is keen to lease some or the entire campus as a substitute of promoting it, in response to Chicago-based marketing consultant Dan McNulty, who oversees the property on behalf of the Lockwood enterprise.
SVN can also be advertising and marketing the property as a healthcare facility that might be used for lab, scientific or life sciences analysis.
The town of Blue Island must approve any important redevelopments to the property and Metropolis Administrator Tom Wogan says officers would favor the property be used for well being care.
“We now have a vested curiosity in desirous to see the property serve a helpful position in the neighborhood,” Wogan informed the outlet. “We’re hopeful that (its) future includes filling in a few of the gaps in well being care companies that the group misplaced when the hospital closed.”
[CCB] — Victoria Pruitt