.

Nitti Development Has Purchased Old Hospital Site on Berteau

Source: Elmhurst Memorial Healthcare

Months of speculation about who would develop the old Elmhurst Memorial Hospital site has come to an end. 

The hospital on Thursday announced it has come to an agreement with Nitti Development to purchase the 11-acre Berteau Avenue property. The deal is expected to close in the spring, according to a press release.

Elmhurst Memorial had sought and received multiple offers for the Berteau property in an open bidding process that was managed through broker CBRE.

“It’s a bittersweet moment for us,” said Mary Lou Mastro, president and CEO of Elmhurst Memorial Healthcare.  “We’re pleased to have found an outstanding and responsible developer for the property, but it also officially brings an end to a wonderful 88-year presence in the neighborhood.”

Elmhurst Memorial moved to its new 50-acre location, at 155 E. Brush Hill Road, in 2011.

Nitti Development is based in Glendale Heights and specializes in building and developing residential and commercial projects. Nitti plans to build homes on the Berteau site.

“We are extremely excited about continuing to build on a great relationship with the Elmhurst community,” President Joe Nitti said.  “We’re looking forward to working with Mayor Steve Morley and city leaders to develop the Berteau property and build homes that reflect the rich history of Elmhurst’s neighborhoods.”

The terms of the sale have not been released.

------------------

Related:


Doremus Jessup January 16, 2014 at 06:43 PM
Is that the same Nitti that has been generous to Peter Dicianni's Campaign the last two quarters? I got to hand it to Mr. Dicianni owning that print shop the money his campaign spends on Printing and "consulting" seems to dwarf what even Mr. Cronin spends and he is the Chairman. If i ever run for office I think I Open a similar business first. Absolute genius.
Joe O'Malley January 16, 2014 at 09:44 PM
quid pro quo?
Joy January 17, 2014 at 07:14 AM
I've had the pleasure of working with Nitti Development this past year. They were nothing less than accommodating to my client. They build a great house. If single family homes are what the plans call for than I am excited to see their vision for that property. Joyce Okal
Daniel Caudy January 17, 2014 at 01:55 PM
After reviewing their portfolio of homes and designs that Nitti Development has previously built, I certainly hope that there is a great deal of variety in housing, and that the development does not take on the appearance of a typical clip art architecture (McMansions) that is so prevalent in new housing in Elmhurst and DuPage County. Also we should examine the building specifications very carefully and not allow and inferior reinforcement. Daniel Caudy, Archtect
Kirsten Powers January 17, 2014 at 03:10 PM
The City of Elmhurst can still require the developer to include conservation easements, or set-backs, or a certain % of the land to be held as open / green space *IF* the City is still interested in not exacerbating the flooding issues on that end of town by leaving the site as mostly paved, not permeable surface.
Mark C January 17, 2014 at 03:11 PM
One concern, especially for the homes in the immediate vicinity, is rodents. I know Chicago has serious issues during large construction projects like this and I witnessed it first hand in Oak Park during a similar project. I hope the city and builder take precautions to exterminate them prior to and while the project is underway to prevent issues for the surrounding home owners.
Vincent Russell January 18, 2014 at 07:15 AM
If the district 205 wants this land, why did they let a developer buy it directly from the hospital. Now, they have to buy it from the developer at a much higher price. Somethings amiss.
Sweet Life January 18, 2014 at 12:47 PM
I personally think they should reopen it as a hospital! The new one stinks ! and that's putting it nicely!!! The old one was 100 times better than the new! Recommend
WLA January 18, 2014 at 02:22 PM
The city owns the land by the hospital and would be part of land swap scheme in which 205 would eventually obtain the land. That building will never reopen as a hospital, that place was outdated by today's standards and had to go.
Sweet Life January 20, 2014 at 06:01 AM
Not saying that it would reopen.All I'm saying that the new one isn't all that it's cracked up to be.This comes directly from staff there who say they wish the old one would have never closed.i just had family in there.All the had to do is up date it, all the technology the couldn't figure that one out.They really bit off more than the could chew with the new one.
WLA January 20, 2014 at 10:06 AM
The best building and most advanced equipment aren't any good without enough quality employees. The old building could not compete with other hospitals where things like large private rooms are the norm and no way to expand. They also failed to get the neighborhood to allow helicopters. The hospital should have known they couldn't maintain both properties from the very beginning, the city should not have allowed them to tie up so much valuable property for so long. The school district could have had time to prepare for an influx of students caused by the hospital's lack of planning. Since the hospital announced their relocation we have been told property would be used for immediate care center, rehab, mental health facility and senior housing (I'm probably missing some). With corporate planning like that no wonder they're broke.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »