Construction is set to begin soon on Studio Gang Architects’ latest contribution to the redevelopment of Chicago’s Hyde Park neighborhood, the South Side community home to the University of Chicago. In addition to rehabilitating the historic Shoreland Hotel and designing a new dormitory complex for 800 U of C students, Gang’s plan for a $114 million shopping center and apartment building at 1525 East Hyde Park Boulevard is moving forward after years of touch-and-go progress.
Originally set to open as early as this year, the 182-unit apartment building at Lake Park Avenue and Hyde Park Boulevard could welcome tenants by late next year. Of those 182 units 36 will be reserved for affordable housing. The retail component, which won nearly $12 million in tax increment financing in part to lure high-end grocer Whole Foods to the neighborhood, will not complete construction until 2016.
The building’s location near the 51st/53rd Street Metra stop is central to its green credentials, and a focal point of the 500,000-square-foot, mixed-use development’s design. Balconies dominated the kinked, faceted façade, offering views of the lakeside neighborhood’s leafy, low-rise streetscape.