CHICAGO—About ten years ago, the University of Chicago decided that it would take a more active interest in the Hyde Park community and attempt to make 53rd St. into a true destination for shopping, dining and other retail. Those efforts have started to bear fruit and should soon start bringing the once-sleepy neighborhood national attention.
As reported in GlobeSt.com, a development team hired by the university which includes Avison Young, Peak Campus Development and Blue Vista Capital Management has started construction on Vue53 – a 267-unit mixed-use project on 53rd St., a complement to Harper Court, a newly-constructed 223,775 square-foot complex at 53rd St. and Lake Park Ave., another university project.
“Harper Court was really the catalyst for change on 53rd St.,” Avison Young principal James Hanson tells GlobeSt.com. Hanson was a principal with Chicago-based Mesa Development, LLC, which Avison acquired in April. And Vue53 will add even more vitality to 53rd St. and help make it one of the city's top retail streets south of Roosevelt Rd.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
