https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8059217&GUID=CACE2E90-768A-4C5E-8A01-2C4B232E0CBCLegistar15https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8059217&GUID=CACE2E90-768A-4C5E-8A01-2C4B232E0CBCCACE2E90-768A-4C5E-8A01-2C4B232E0CBC-2026-06-05-13-04-44Title: PROPOSED MISCELLANEOUS ITEM OF BUSINESS Department: Department of Real Estate Management Summary: CHDG, the holder of the 99-year ground leases for the Old Cook County Hospital, currently maintains two separate ground leases: one with CHDG PHASE 1A1 (OFFICE) OWNER LLC for the office portion (currently sub-leased to CCH) and the other with CHDG PHASE 1A1 (HOTEL/RETAIL) OWNER LLC for the hotel and retail portion (currently sub-leased to the Hyatt Hotel and Bright Horizons Day Care, respectively). These ground leases, as part of the governing redevelopment agreement, were approved by the board on 5/11/2016 (16-2198). The Department of Real Estate Management, on behalf of CHDG, is requesting approval to subdivide the existing hotel/retail ground lease into two independent ground leases. The purpose of this subdivision is to preemptively make the subdivided spaces more marketable to future investors, should CHDG exercise its option to vacate its interests in any or all of the leases it currently holds. This option is permitted under Article 10 of the 2016 Redevelopment AgreFri, 05 Jun 2026 13:04:44 GMT