Last week, apartment developer MAC Properties unveiled plans for a new residential tower for 1600 E. 53rd Street in Chicago’s Hyde Park neighborhood. The 27-story high-rise designed by Solomon Cordwell Buenz (SCB) would contain 250 units, a fifth-floor amenity space with an outdoor pool, and 10,000 square feet of ground-floor retail space. Currently occupied by a surface parking lot, the northwest corner of 53rd and Cornell is situated along one of Hyde Park’s most active commercial corridors and is just steps from the 51st/53rd Street Metra rail stop.
Hoping that many of the building’s future renters will rely on public transit or their own feet to get around, the project includes a 160-car garage to achieve a parking ratio of 0.64. DNAinfo reports that while the tower at 1600 E. 53rd Street will require city of Chicago approval to proceed, the developer hopes to break ground roughly one year from now and open in the summer of 2019. The proposal joins a handful of highly-amenitized Hyde Park rental projects such as the newly occupied Vue53 and the upcoming Solstice on the Park tower.
- New 27-Story Rental High-Rise Planned For East Hyde Park [DNAinfo]
- Previous Hyde Park coverage [Curbed Chicago]