Ravenswood’s Bethany Methodist Will Become Affordable Housing For Seniors
by Alex V. Hernandez / Block Club Chicago / September 8, 2023
Thorek Memorial Hospital will renovate the existing retirement home attached to Bethany Hospital into 150 apartments for senior citizens subsidized by state Medicare funding.
RAVENSWOOD — Thorek Memorial Hospital will convert a portion of a Ravenswood hospital and retirement community complex into renovated affordable housing for seniors, according to the local alderman.
Thorek bought Bethany Methodist Hospital, 5025 N. Paulina St., and the retirement community at 4950 N. Ashland Ave. in 2019 for $22.5 million.
The retirement building is now slated to become 150 one- and two-bedroom apartments for senior citizens subsidized by state Medicare funding, according to Ald. Matt Martin’s (47th) office.
The existing building will be renovated and the apartments could be ready for current residents in less than a year, according to the alderman. Read more HERE