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B part of a legacy, B #BuiltInBronzeville

Where Innovation
Meets Opportunity

Where Innovation
Meets Opportunity

explore the vision bronzeville lakefront
Our Impact
Creating Unparalleled Transformational Change

Throughout the lifecycle of development, Bronzeville Lakefront considers social impact to be a core tenet of the redevelopment process. Venturing to become one of the most equitable developments in the United States, Bronzeville Lakefront showcases what is possible with intention, public private partnership, authentic collaboration, and a vision for generational impact. Through our robust community benefits and forward thinking social impact planning, Bronzeville Lakefront is the neighbor every community deserves.

Equity

A Just Society

The Bronzeville Lakefront development project is a catalyst for inclusive growth. The GRIT team is going beyond city and state requirements for contractor diversity with a commitment to achieve a 30% diversity target for Minority Business Enterprises (MBE) and a 10% diversity target for Women’s Business Enterprises (WBE). Above and beyond the commitment to achieve 30% MBE participation, the GRIT team has a record breaking goal of 65% minority participation overall. Supplier diversity is critical to inclusive growth and the GRIT team invites all certification levels, to include VBE (veteran businesses), DBE (disadvantaged businesses), and BEDP (differently abled businesses).

Additionally, 10% of the new retail space is reserved for local businesses at 20% below market rate, creating generational wealth opportunities for local and small business owners. Affordable housing is a national crisis, and the GRIT team also plans to proactively support the housing needs of the community with a 20% affordable housing commitment on-site.

 

Social Impact

Delivering lasting impact
00%
PURCHASING COMMITMENT WITH MINORITY BUSINESS ENTERPRISES
00%
PURCHASING COMMITMENT WITH WOMEN BUSINESS ENTERPRISES
$00M
INVESTMENT IN LOCAL EDUCATION FACILITIES
00%
AFFORDABLE HOUSING COMMITMENT ON-SITE
00%
ASPIRATIONAL PURCHASING GOAL FOR MINORITY PARTICIPATION
00%
RENT MARK DOWN FOR 10% OF ALL RETAIL SPACE, RESERVED FOR LOCAL AND SMALL BUSINESSES

Social Impact

Delivering lasting impact
00%
PURCHASING COMMITMENT WITH MINORITY BUSINESS ENTERPRISES
00%
PURCHASING COMMITMENT WITH WOMEN BUSINESS ENTERPRISES
$00M
INVESTMENT IN LOCAL EDUCATION FACILITIES
00%
AFFORDABLE HOUSING COMMITMENT ON-SITE
00%
ASPIRATIONAL PURCHASING GOAL FOR MINORITY PARTICIPATION
00%
RENT MARK DOWN FOR 10% OF ALL RETAIL SPACE, RESERVED FOR LOCAL AND SMALL BUSINESSES
“THE GRIT TEAM IS MORE THAN THE DEVELOPMENT TEAM, WE ARE NOW A NEIGHBOR WITHIN THE BRONZEVILLE COMMUNITY. OUR SOCIAL IMPACT IS GUIDED BY WHO WE WANT TO BE AS A THOUGHTFUL AND INTENTIONAL NEIGHBOR.”
Morgan Malone - Farpoint Development, Director of Development and External Affairs
Attract world-class entrepreneurs and investors
A Global Gateway for Healthcare Innovation
The Chicago ARC Innovation Center, the first in the U.S., will be the new business accelerator where the players in the next generation of medicine come to meaningfully redesign the healthcare system as we know it. From healthcare providers to startups, biotech companies to universities and academic medical centers, the Chicago ARC will attract world-class entrepreneurs and investors and ultimately encourage the growth of large-scale businesses on the South Side of Chicago. Anchored by DE&I principles, the Chicago ARC will cultivate an innovation ecosystem focused on precision medicine, big data, telehealth, and medtech becoming the one-stop-shop for startup services.  
88% increase in jobs
Unprecedented Job Growth
    The Bronzeville Lakefront development will more than double the 4,000 jobs the Michael Reese Health Center provided for the community. The Bronzeville community will see an 88% increase in jobs—comprising 45,000 direct and indirect construction jobs and 31,000 full-time jobs, totaling 76,000 jobs. This redevelopment project is expected to yield a direct economic impact of $3.8 billion and an indirect economic impact of $4.4 billion, totaling $8.2 billion—all as a result of the infusion of growth opportunities offered by the Chicago ARC Innovation Center and small neighborhood businesses, restaurants, hospitality, and other retail establishments.
Quality of Life

Designed with the Community in Mind

From the start, when imagining the future of Bronzeville Lakefront, our team, our values, and our design have had the community in mind. From our diverse development team with half of our partner firms being minority-owned, to the inclusion of a neighborhood non-profit as an equity partner, and the addition of a community development non-profit, our team reflects our values and the community. 

When developing the design guidelines for the site, we co-developed them with Alderman Sophia King and the community-based Michael Reese Advisory Council to ensure they were reflective of the community’s interests.

Bronzeville is a community with rich culture, deep history, and a legacy of excellence and innovation. Our design process affirms and amplifies this legacy and looks to build upon it for the next generation.

 

Bronzeville Lakefront development
Leasing Inquiries
Bronzeville Lakefront will be a vibrant mixed-use development creating an ecosystem that small businesses, local Chicagoans, corporations and the like can thrive in. As we build, we look forward to engaging with interested tenants who would like to locate at Bronzeville Lakefront.
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