As we indicated in our last Harper Court posting, financing for phase one construction is in place and site prep underway at Harper and 52nd Place in Hyde Park. Magic Johnson is the marquee name behind one portion of the construction loan. According to an official release yesterday, a groundbreaking ceremony for the hotel/retail/office redevelopment is taking place today. To refresh, the plan calls for 150,000 sf of office space, to be largely occupied by U of C, roughly 70,000 sf of retail, with L.A. Fitness as the anchor tenant, and a Hyatt Hotel. The complex expects to be finished in 2013. Comb your hair and grab a camera, there's schmoozing to be done.
·Complete Harper Court Coverage [Curbed]