Quintin Primo Joined Michael Reese Development Team
The veteran developer has entered talks to join the stalled 49-acre project as Chicago grants another deadline extension.
Updated on Sept. 22, 2026 in Construction
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Quintin Primo, founder of Capri Investment Group, has entered discussions to join the development team for the Michael Reese project. Chicago officials recently granted a fourth extension for the development's infrastructure agreement after years of persistent delays.
Why it matters
The $3.8 billion mixed-use campus has struggled to move forward for years, prompting city officials to warn that the $60 million infrastructure agreement could be voided without progress. The potential inclusion of a new partner signals a final attempt to stabilize the ambitious redevelopment of the historic 49-acre site.
The Michael Reese site spans 49 acres and was originally pitched as a $3.8 billion mixed-use campus supported by a $60 million city-approved infrastructure agreement.
The players
Quintin Primo
He is the founder of the Capri Investment Group and is currently in discussions to join the Michael Reese development project.
GRIT
This development group consists of Farpoint Development, McLaurin Development Partners, Loop Capital, Chicago Neighborhood Initiatives, and the Bronzeville Community Development Partnership.
City of Chicago
The local municipal authority oversees zoning, infrastructure agreements, and development approvals for the Michael Reese site.
The details
The GRIT development team—comprised of Farpoint Development, McLaurin Development Partners, Loop Capital, Chicago Neighborhood Initiatives, and the Bronzeville Community Development Partnership—must now finalize a new infrastructure plan. Failure to meet the upcoming December deadline could result in the total cancellation of the existing agreement.
Timeline
The City of Chicago approved the $60 million infrastructure agreement in 2021.
City officials granted a fourth extension for the agreement in September 2026.
The development team faces a December 14 deadline to submit a new infrastructure plan.
Market Landscape
This development follows a long-standing pattern of administrative extensions regarding the Michael Reese hospital site redevelopment. The move reflects the competitive pressure to consolidate development expertise as the city demands concrete progress on the massive project.
Residents and local stakeholders should monitor whether this leadership change leads to actual ground-breaking or further stagnation at the 49-acre site. The project's success is tied to $60 million in infrastructure funding that directly impacts the surrounding neighborhood's development trajectory.
The takeaway
Large-scale urban redevelopment projects often require significant leadership shifts to overcome multi-year deadlocks and regulatory hurdles. Property stakeholders should look for definitive project milestones rather than announcements of potential partnerships when assessing real-world progress.
What happens next
The development team is scheduled to formulate and submit a new infrastructure plan by December 14.
Further reading
Learn more about the local industry by visiting the Chicago Construction section.
Source note: This article includes information reported by The Real Deal New York.
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