The University of Chicago owns the building in the 800-block of East 57th Street. The school is going to put up a plaque there commemorating Reagan's ties to the site. He lived there between the ages of two and three.
"In the short term the site will be part of a construction staging area, to be used for the new Center for Care and Discovery and for construction of a new parking garage for the medical center," the university said in a statement.
Preservationists wanted to save the site but their efforts failed.
