The ambitious residential and retail development known as City Hyde Park has been in the works for several years now, but the Studio Gang designed structure will soon rise at 5105 S Harper Avenue. Demolition of the old Village Center strip mall began late last year, and now the groundwork has been laid for the construction of the 500,000 square foot mixed-use development. Developers Antheus Capital and Silliman Group originally intended to have the project done by this year, however, City Hyde Park is now expected to be completed next year. The development received its foundation permit back in March, and the new construction permit, which allows for a 15 story structure, was just recently issued by the city last week.
Anchored by retail tenant Whole Foods, the development will feature 180 residences, of which 36 units will be reserved for affordable housing. City Hyde Park will also feature two underground levels for parking, and at the top of the structure will be a 7,700 square foot green roof. No expenses were spared on the project, which previous estimates pegged its total cost at $114 million. The development will be joining another Studio Gang designed structure being built in Hyde Park on the University of Chicago's campus, as well as another major mixed-use retail and residential development. Keep your eyes peeled at Harper and 51st Street, as a construction crews will soon erect this new Studio Gang gem for Hyde Park.
·City Hyde Park [Official website]
·Building permit info [Chicago Cityscape]
·Studio Gang's City Hyde Park Digs In at 51st & Lake Park [Curbed Chicago]