![\"\"](\"http:\/\/chicagopressrelease.com\/wp-content\/uploads\/2010\/01\/university-of-chicago-harper-court-300x249.jpg\" "\\"university-of-chicago-harper-court\\"")
The City of Chicago and the University of Chicago on Thursday announced that Vermilion Development has been selected to redevelop the Harper Court retail complex in Hyde Park.<\/p>\nThe City of Chicago and the University of Chicago on Thursday announced that Vermilion Development has been selected to redevelop the Harper Court retail complex in Hyde Park.<\/p>\n
Vermilion, which has extensive experience in mixed\u2013use developments, was recommended by a joint committee comprised of Department of Community Development planning staff and staff at the University of Chicago.<\/p>\n
Vermilion was selected from among 12 development firms who responded to a Request for Qualifications that described the development opportunity and requirements for submitting a proposal for the 128,000\u2013square\u2013foot site. <\/span><\/p>\n \u201cThis creates an exciting opportunity to redevelop this portion of 53rd Street by creating commercial and retail space that complements the surrounding community,\u201d acting DCD Commissioner Chris Raguso said.<\/p>\n \u201cThe proposed development will complement and enhance other nearby revitalization efforts, helping to ensure Hyde Park\u2019s future economic viability.\u201d<\/p>\n \u201cAs a result of thoughtful and creative input from Hyde Park residents and business owners, we have an excellent development proposal that will serve both the neighborhood and the many visitors to Hyde Park from throughout the city and beyond,\u201d said Ann Marie Lipinski, Vice President for Civic Engagement at the University.<\/p>\n \u201cThe commitment to Hyde Park\u2019s vitality by both the city and the university is very strong, and this project is a powerful demonstration of that commitment.\u201d<\/p>\n \u201cI am grateful to my staff, DCD personnel and University of Chicago staff for their hard work over the last year on this project,\u201d said 4th Ward Alderman Toni Preckwinkle.<\/p>\n \u201cThe development team which was chosen will transform commercial development in Hyde Park.\u201d<\/p>\n The project is a partnership between the City, which owns an adjacent parking lot on South Lake Park Avenue just east of Harper, and the University, which owns the current retail properties.<\/p>\n Vermilion\u2019s proposal calls for redeveloping the 40\u2013year\u2013old shopping center located at 5211 S. Harper Ave. by demolishing the existing center and replacing it with a mixed\u2013use development.<\/p>\n The proposed $200 million development will be built in three phases that may include a mix of unique dining, entertainment, retail and office uses.<\/p>\n The City and the University will enter into negotiations with Vermilion and prepare a redevelopment agreement for approval by the City Council at a later date.<\/p>\n City of Chicago and University announce developer for Harper Court The City of Chicago and the University of Chicago on Thursday announced that Vermilion Development has been selected to redevelop the Harper Court retail complex in Hyde Park. Vermilion, which has extensive experience in mixed\u2013use developments, was recommended by a joint committee comprised of Department […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-183421","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/183421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=183421"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/183421\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=183421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=183421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=183421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/img><\/a>
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