A two-phase, 1.1 million square foot mixed

A two-phase, 1.1 million square
foot mixed-use development that
will anchor 53rd Street and Lake
Park Avenue in Chicago’s Hyde
Park neighborhood. Developed in
partnership with the University of
Chicago and the City of Chicago,
Harper Court will blend 250,000
square feet of commercial space, a
select service hotel, 425 residential
units and structured parking to create the south side’s newest destination. The project will be anchored
by a 150,000 square foot University
of Chicago office tower that will
serve as a prominent gateway to
both campus and community. The
project features 100,000 square feet
of retail with an emphasis on dining
and entertainment.
project partners
•
•
•
Vermilion Development developer
JFJ Development Company developer
The Drexel Group, LLC capital partner
project team
•
•
•
•
•
McHugh Construction general contractor
Hartshorne Plunkard Architecture designer
Farr Associates designer
William Blair & Company financial advisor
Metro Commercial retail consultant
CHICAGO, ILLINOIS
The heart of the south side
• Hyde Park is bounded by Hyde Park Blvd./51st Street to the north, Midway Plaisance/
60 th Street to the south, Washington Park to the west and Lake Michigan to the east
• The community is located seven miles from the downtown loop
the right address for RETAIL
• The development will anchor 53rd Street, the historic commercial core of Hyde Park, and Lake Park Avenue, with close proximity to Lake Shore Drive
• An underserved market with impressive demand generators in the University of Chicago’s main campus and hospitals, Museum of Science & Industry, among others
• Substantial pedestrian traffic associated with the surrounding neighborhood and adjacent Metra Commuter Rail Station [Metra Electric District Line]
• The University of Chicago draws over 400,000 visitors per year to the Medical Center in addition to its 10,500 faculty, students and staff
DEMOGRAPHIC INFORMATION
Household Expenditure (in millions): 2007 Estimates
1.0MI. 2.0MI. 3.0MI.
Apparel $46.8 $86.4 $156.2
Entertainment $53.7 $97.5 $175.7
Food, Beverages $154.4 $290.4 $529.1
Total
$968.1 $1,778.1 $3,212.6
Population Statistics: 2007 Estimates
1.0 Mi.
2.0 Mi.
2007 Population
39,926
100,360
Housing Units
21,765
51,375
Household Income
$61,812 $47,925
Source: Sites USA, Applied Geographic Solutions/TIGER Geography
Source: Sites USA, Applied Geographic Solutions/TIGER Geography
3.0 Mi.
208,278
103,342
$42,310
CHICAGO, ILLINOIS
Harper Court: A pedestrian-oriented street available for community events. Several anchor
restaurants will transform Harper
Court into a new destination for the
South Side.
Harper Avenue: With additional
University of Chicago acquisitions
for redevelopment, Harper Avenue
will become a unique retail street.
53rd Street: 53rd Street will feature
several of the most requested retail
and quick-casual concepts.
Lake Park Avenue: With significant traffic counts, the Lake Park
frontage is merchandised for apparel and other retail uses.
WASHINGTON PARK
53
U niversit y of C hicago
RD
sTREET
NICHOLS PARK
HARPER COURT
MIDWAY PL AISANCE
M E T R A E lectric line
MUSEUM OF
SCIENCE & iNDUSTRY
jACKSON PARK
CHICAGO, ILLINOIS
development Contact
Christopher S. Dillion LEED® AP
Vermilion Development
180 N. Stetson Avenue, Suite 3500
Chicago, Illinois 60601
312 268 5691
www.vermiliondevelopment.com