CHICAGO | Hyde Park Development

[LouisVanDerWright]

Originally Posted by Jim in Chicago

Oh man, how is any normal school supposed to compete with this? My high school had an arts trailer. Literally.

Its not, that's kinda the point, lol. I'm a big believer in getting the highest quality education possible even if you have to stretch to afford it and would send any future offspring of mine to the Lab School in a heartbeat (assuming they get in, lol).

[spyguy]

http://www.chicagobusiness.com/artic...xpansion-plans

Here's a first look at U of C Medicine's $270 million trauma center, expansion plan
By KRISTEN SCHORSCH

• Moving the adult ER from Mitchell Hospital to one that will be built in a parking garage adjacent to the nearby Center for Care and Discovery and expanding the number of ER beds to 41 from 36.

• Providing adult trauma services at four trauma bays within the adult ER.

• Overhauling Mitchell Hospital, converting it to a cancer center and adding 188 beds, for a total of 805 beds within the system.

Looks like they will be building vertically over the new parking garage. The article includes some conceptual renderings, but no design/architect has been chosen.

[sentinel]

Originally Posted by spyguy

http://www.chicagobusiness.com/artic...xpansion-plans

Here's a first look at U of C Medicine's $270 million trauma center, expansion plan
By KRISTEN SCHORSCH



Looks like they will be building vertically over the new parking garage. The article includes some conceptual renderings, but no design/architect has been chosen.

Photo from the article:

[nathanjamahl]

Did anyone attend the 2/18 Plan Commission meeting? Each of these should have gone before the commission for approval. The latter site has sat fallow for some time now.

A proposed 2016 Amendment to Residential Business Planned Development #282, As
Amended, and Lake Michigan and Chicago Lakefront Protection Application No. 666,
submitted by the Applicants, Solstice on the Park, LLC, Windermere House, LLC and 5528 S.
Cornell Avenue Owner, LLC, for the property generally located at 1604-1664 East 56th Street,
5528-5558 South Cornell Avenue and 5543-5559 South Cornell Avenue. The Applicants intend
to amend PD #282 in order for Solstice on the Park, LLC to construct an approximately
299’foot tall residential building with no more than 250 dwelling units and no fewer than 316
parking spaces within the portion of PD #282 owned by Solstice on the Park, LLC (5534-58
South Cornell Avenue/1604-1624 East 56th Street). The portion of PD #282 owned by
Windermere House, LLC (5543-59 South Cornell Avenue/ 1634-64 E. 56th Street) will continue
to have ground-floor commercial uses and no more than 220 residential dwelling units. The
portion of PD #282 owned by 5528 S. Cornell Avenue Owner, LLC (5528-32 South Cornell
Avenue) will continue to have 53 residential dwelling units. (5th Ward)

A proposed Lake Michigan and Chicago Lakefront Protection Ordinance Application No. 684,
submitted by Lexington Place III, LLC, for the property generally located at 4639 South Lake
Park Avenue within the Private-Use Zone of the Lake Michigan and Chicago Lakefront
Protection District. The applicant proposes to construct 20 townhomes with attached accessory
parking on a 33,286 square foot site. The property is currently zoned RM-5 (Residential MultiUnit
District) and will remain RM-5. (4th Ward)

[BVictor1]

Originally Posted by nathanjamahl

Did anyone attend the 2/18 Plan Commission meeting? Each of these should have gone before the commission for approval. The latter site has sat fallow for some time now.

The townhouses planned for the latter site are flat and uninspiring, but both projects were approved.

Solstice will be rental instead of condo, hence the increased density. They've also positioned the tower further to the south, closer to the street. I was told they'd like to begin construction in the fall.

[spyguy]

Solstice on the Park development plans approved

[orulz]

I just love this boom going on right now in Hyde Park. When was the last time, before this boom, that anything even close to this scale went up in HP?

[nathanjamahl]

Originally Posted by orulz

I just love this boom going on right now in Hyde Park. When was the last time, before this boom, that anything even close to this scale went up in HP?

The Hyde Park Tower Apartments opened in 1990, as did the The Montgomery Place. The former tops out at 255 feet, while the latter rises to 148 feet.

[ChickeNES]

The developers behind the new hotel at 53rd/Dorchester showed off a new rendering last night:


http://i.imgur.com/duC5gUQ.jpg
(sorry about the quality, only had my phone with me to take pictures)

The PD paperwork has been filed, and they hope to begin construction this summer, though they admitted that it might actually take until fall.

[VKChaz]

Originally Posted by ChickeNES

The developers behind the new hotel at 53rd/Dorchester showed off a new rendering last night:

The PD paperwork has been filed, and they hope to begin construction this summer, though they admitted that it might actually take until fall.

Do you know which hotel flag?

[ChickeNES]

Originally Posted by VKChaz

Do you know which hotel flag?

It's going to be a boutique hotel run by SMART Hotels (http://www.smarthotelsgroup.com/)

[ChickeNES]

I noticed that a building permit was issued for 5315 S Maryland:

ERECT NEW 3 STORY 3B 4 DU APARTMENT BUILDING W/BASEMENT AND DETACHED 4 CAR GARAGE AS PERM PLANS CURRENT USE VACANT LOT/PROPOSED USE RESIDENTIAL

Pretty small potatoes, but always good to see. There's already a 3 flat condo building going up at 55th and Woodlawn. I'm hopeful that we will see a few other vacant lots in HP gobbled up this cycle, at the very least the ones that UofC sold to a student housing manager/developer.

[BVictor1]

Originally Posted by ChickeNES

I noticed that a building permit was issued for 5315 S Maryland:


Pretty small potatoes, but always good to see. There's already a 3 flat condo building going up at 55th and Woodlawn. I'm hopeful that we will see a few other vacant lots in HP gobbled up this cycle, at the very least the ones that UofC sold to a student housing manager/developer.

Right next to Starbucks.

There aren't that many vacant lots in the area.

[aaron38]

Originally Posted by ChickeNES

The developers behind the new hotel at 53rd/Dorchester showed off a new rendering last night:

The SE corner I assume? Nice, I really like the massing and the corner presence. Hard to tell the quality of the materials from this image, but it's got promise. A good fit for that corner.

[LouisVanDerWright]

Originally Posted by BVictor1

Right next to Starbucks.

There aren't that many vacant lots in the area.

Good, hopefully they make a killing gobbling up whatever scraps of land are available in the central part of Hyde park and move on to the North and NW. I could see the boom in Hyde Park starting to spill over into the surrounding areas. Eventually HP proper will be filled to the brim and growth will have to find an outlet.

[ChickeNES]

Originally Posted by aaron38

The SE corner I assume? Nice, I really like the massing and the corner presence. Hard to tell the quality of the materials from this image, but it's got promise. A good fit for that corner.

It looked really great in person. I asked the architect and he said they are committed to using brick.

Originally Posted by LouisVanDerWright

Good, hopefully they make a killing gobbling up whatever scraps of land are available in the central part of Hyde park and move on to the North and NW. I could see the boom in Hyde Park starting to spill over into the surrounding areas. Eventually HP proper will be filled to the brim and growth will have to find an outlet.

The housing market for the northern end of HP definitely seems to be trending up since I first started watching the market a year ago in preparation for buying a condo. For now there are still some deals to be had, and a bunch of rehab opportunities (if only I had the time and money...). I think we might see at least two-three more high rises (including Solstice) this cycle if we are lucky (I'm hoping that one of these will be the Harper Court residential tower, since entitlements are in place and HP NIMBYs will not be able to delay it).

Here's a quick picture I took this weekend of the progress on Vue53 as seen from Nichols Park:

http://i.imgur.com/HDooT8G.jpg

[ChickeNES]

Fantastic news this morning:

Target to open store in Hyde Park apartment tower
Ryan Ori - Crain's Chicago Business - 3/15/16
Target plans a store in an apartment tower under construction in Hyde Park, continuing the expansion of its smaller-store concept.

The retailer said today that it will open a 21,000-square-foot store in the Vue53 apartment tower under construction at 53rd Street and Kimbark Avenue.

The store will be the fifth smaller “flexible format” store Target has opened or plans in Chicago. Target has 19 total smaller stores, previously marketed under the CityTarget and TargetExpress names, and plans another 18 in the next two years, the retailer said.

[spyguy]

^That's great news. Having places like Target, HomeGoods, Whole Foods, etc. to actually buy stuff will make this whole area more desirable and livable.

Speaking of VUE53, here's a construction update from their FB page:

[LouisVanDerWright]

Originally Posted by spyguy

^That's great news. Having places like Target, HomeGoods, Whole Foods, etc. to actually buy stuff will make this whole area more desirable and livable.

And if Hyde Park can become a major retail district that opens up access to these retail options up to a large number of existing residents in other South side neighborhoods (not to mention the low and middle wage jobs). This trend will improve the quality of life for a lot of people.

[spyguy]

City Hyde Park looks like it is nearly done or at least occupied.

Photos from City Hyde Park FB




---
Also came across this old aerial of Harper Court that I liked.

Source
Now that City Hyde Park, Vue53, Harper Court (phase 1) are done deals and it looks like Solstice might finally start, I wonder what the next big project could be. Remember that they can still build 3 more buildings on top of Harper Court and Antheus owns the parking lot at 53rd and Cornell (shown above) where a previous highrise was proposed...