The Old Cook County Hospital Building (above) will be renovated into an office complex and hotel. Rendering from Civic Health Development Group (CHDG).
The Department of Real Estate Management Department (DREM) is charged by ordinance with managing approximately 19 million square feet of real estate owned or leased by Cook County, making recommendations for sale, purchase or lease of real estate, and maintaining an inventory of County real estate assets. In recent years, the County has expanded its focus to “unlocking the value” of our real estate assets by exploring redevelopment opportunities.
Real Estate Asset Strategic Realignment Plan (REASRP)
The final report of the Real Estate Asset Strategic Realignment Plan (REASRP) has been completed. This two-year joint initiative, in partnership with the Department of Capital Planning and Policy and our consultants, a team headed by U. S. Equities Realty, developed a strategic real estate plan based on data gathered from all of the County’s elected officials, agencies and departments, and every one of the over 200 structures occupied by the County. Highlights of the Plan are described below, and outlined in the REASRP Snapshot and Executive Summary.