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321:. Although the hotel opened on September 17, 2013, the commercial structure, which also has extensive retail and parking space, officially opened on November 8, 2013. The University of Chicago exercised its option to purchase most of the development on November 13 and then put most of what it acquired up for sale in March 2014. The University provided much of the financing and retains a master lease over the retail tenants. The development was acquired by
357:). At the time of its development, the University of Chicago was also involved in developing several surrounding properties on the 53rd street corridor. As a result of the collaboration between the city and the University several new businesses had opened up around the Harper Court site, including Clarke's (a 24-hour diner), Harper Theater (a movie theater), Akira (clothing store) and
410:
later. The
University, which put the property up for sale in March 2014, leases all of the office space to host 550 employees. The University employees that started moving into Harper Court on November 7, 2013 were from the Information Technology Services (ITS), Alumni Relations and Development, and Facilities Services departments. The University's 20-year
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for construction of the new Hyatt Place hotel. The structure officially opened on
November 8, 2013 and the University of Chicago exercised its option to purchase the office, parking and retail components as well as the rights to develop 425 residential units in the future for $ 98 million five days
396:
The Hyatt Place hotel portion, which is officially named Hyatt Place
Chicago–South/University Medical Centre and has its own underground parking structure, opened on September 17, 2013. The hotel was the first built in Hyde Park in 50 years. Smart Hotels owns the Hyatt portion of the development,
372:
hotel and a 12-story office tower, includes 150,000 square feet (13,935 m) of office space, 75,000 square feet (6,968 m) of retail space and a parking structure with over 500 parking spaces. The building was partially financed by $ 20 million in TIF funding subsidy as well as land
368:(TIF) district due to the general underdevelopment and disrepair of properties on the corridor, making the properties eligible for tax incentives. Harper Court sits on a 3.18-acre (1.3 ha) site that the University purchased in 2008. The structure, which has a 131-room Hyatt Place brand
414:
includes the retail space. The
University is not selling the residential development rights. On July 25, the city of Chicago approved the sale of the current structure (and not the phase 2 residential construction) to CLAL Insurance Company for $ 112 million.
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writedowns that bring the total financing assistance to $ 23.5 million. The TIF funds will not be allocated by the city until Harper Court has been declared completed. The Hyatt hotel received a separate $ 5.2 million subsidy from the
482:
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line. Developers for the project were
Vermilion Development and JFJ Development, while equity was provided by Canyon-Johnson Urban Funds (a joint venture investment arm for Canyon Capital Realty Advisors and
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The
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and is bordered on the south by 53rd Street, which is the main commercial corridor of Hyde Park, and to the east by the
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361:. The street that bisects the development was changed from two-way to one-way on May 16, 2014.
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In 2001, the city designated an 84-acre (34.0 ha) area on and around 53rd street as a
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Please help update this article to reflect recent events or newly available information.
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674:"University of Chicago Selling Harper Court Two Months After Buying It"
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Hotel and a 12-story office tower that is leased and occupied by the
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Harper Court is located about 6 miles (9.7 km) southeast of
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Cancino, Alejandra; Corilyn
Shropshire (February 11, 2012).
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Place
Chicago–South/University Medical Center (July 6, 2014)
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Hyatt Place
Chicago-South/University Medical Center website
506:"O-Issue 2013: Harper Court and 53rd Street Development"
732:"Two months in, Hyatt Place reports economic success"
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471:Cancino, Alejandra; Hal Dardick (June 6, 2012).
931:November 6, 2013, at the Portuguese Web Archive
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862:"U of C sells Harper Court for $ 112 million"
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302:is a mixed-use commercial development in the
8:
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16:Commercial development space in Chicago, USA
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539:"Private drive at Harper Court now one-way"
313:, Illinois, United States, that includes a
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801:"ITS to move to Harper Court this weekend"
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1957:Urbana-Lincoln Hotel-Lincoln Square Mall
473:"Aldermen OK $ 5.2M for Hyde Park hotel"
641:Maidenberg, Micah (November 18, 2013).
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605:"U of C puts Harper Court up for sale"
518:from the original on October 18, 2014
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178:Show map of Chicago metropolitan area
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899:from the original on August 26, 2014
827:Welbers, Lindsay (August 13, 2014).
195:
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2207:Buildings and structures in Chicago
766:Welbers, Lindsay (March 12, 2014).
730:Verma, Raghav (November 15, 2013).
699:Carlozo, Lou (September 17, 2013).
504:Bever, Celia (September 22, 2013).
289:5235 S Harper Ct, Chicago, IL 60615
799:Fang, Raymond (October 29, 2013).
744:from the original on July 14, 2014
711:from the original on March 5, 2014
537:Coleman, Calmetta (May 16, 2014).
445:. November 1, 2013. Archived from
14:
2212:Hotel buildings completed in 2013
1596:The Arboretum of South Barrington
1169:The Arboretum of South Barrington
485:from the original on June 8, 2012
401:University of Chicago involvement
860:Burgher, Fritz (July 29, 2014).
643:"U of C takes over Harper Court"
439:"ULI Case Studies: Harper Court"
194:
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151:Place in Illinois, United States
63:
25:
768:"U. of C. selling Harper Court"
829:"Harper Court sold for $ 112M"
603:Guy, Sandra (March 11, 2014).
1:
676:. DNAInfo.com. Archived from
672:Cholke, Sam (March 7, 2014).
1985:The Shoppes at College Hills
1952:Market Place Shopping Center
1934:The Shoppes at Grand Prairie
1286:Springbrook Prairie Pavilion
1289:Sutton Park Shopping Center
1133:The Village Shopping Center
1018:The Century Shopping Centre
2253:
2217:Hotels established in 2013
1718:The Grove of Downers Grove
1621:Fashion Outlets of Chicago
1560:Roosevelt Collection Shops
1387:Meadowdale Shopping Center
1360:The Grove of Downers Grove
1027:Fashion Outlets of Chicago
935:University of Chicago blog
2232:Shopping malls in Chicago
2156:Piano Factory Outlet Mall
1872:The Promenade Bolingbrook
1641:North Riverside Park Mall
1626:Golf Mill Shopping Center
1606:Burr Ridge Village Center
1565:The Shops at North Bridge
1419:Piano Factory Outlet Mall
1363:Hillcrest Shopping Center
1297:Town & Country Center
1267:The Promenade Bolingbrook
1253:Northgate Shopping Center
1183:Burr Ridge Village Center
1123:The Shops at North Bridge
1090:North Riverside Park Mall
1042:Golf Mill Shopping Center
293:
212:
156:
149:
62:
34:This article needs to be
2227:Hyatt Hotels and Resorts
1681:The Streets of Woodfield
1550:James R. Thompson Center
1366:Hillside Shopping Center
1293:The Streets of Woodfield
1065:James R. Thompson Center
867:Crain's Chicago Business
648:Crain's Chicago Business
1972:Bloomington–Normal area
1799:Belvidere Discount Mall
1771:Chicago Premium Outlets
1636:Lincolnwood Town Center
1190:Chicago Premium Outlets
1070:Lincolnwood Town Center
1014:Belvidere Discount Mall
397:which is not for sale.
366:tax increment financing
350:Metra Electric District
91:3.18-acre (1.3 ha)
75:Metra Electric District
1839:The Quentin Collection
1525:108 North State Street
1450:Washington Square Mall
1272:The Quentin Collection
1004:108 North State Street
940:July 14, 2014, at the
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355:Earvin "Magic" Johnson
341:
337:Harper Court from the
323:CLAL Insurance Company
109:CLAL Insurance Company
69:Harper Court from the
2186:Stratford Square Mall
2120:Huntley Outlet Center
1944:Champaign–Urbana area
1804:Deer Park Town Center
1686:Westfield Old Orchard
1601:Arlington Town Square
1446:Stratford Square Mall
1374:Jefferson Square Mall
1370:Huntley Outlet Center
1306:Westfield Old Orchard
1239:Main Street Promenade
1205:Deer Park Town Center
1174:Arlington Town Square
893:University of Chicago
841:on September 26, 2015
705:University of Chicago
543:University of Chicago
388:
336:
319:University of Chicago
311:South Side of Chicago
112:University of Chicago
99:Vermilion Development
71:Hyde Park/53rd Street
2125:Illinois Star Centre
1829:Lincolnshire Commons
1404:One Schaumburg Place
1247:Naperville Crossings
1235:Lincolnshire Commons
1225:The Glen Town Center
947:Harper Court archive
443:Urban Land Institute
375:Chicago City Council
203:Show map of Illinois
1995:East St. Louis area
1901:Machesney Park Mall
1867:Naperville Crossing
1738:Town Square Wheaton
1631:Harlem Irving Plaza
1349:Chicagoland Outlets
1301:Town Square Wheaton
1052:Harlem Irving Plaza
232:41.8001°N 87.5882°W
228: /
59:
2237:Hyde Park, Chicago
2171:South Commons Mall
2110:Crystal Point Mall
2049:Quincy Town Center
2029:Hickory Point Mall
1924:East Court Village
1723:International Mall
1661:Orland Square Mall
1611:Chicago Ridge Mall
1530:900 North Michigan
1437:South Commons Mall
1429:Prairie View Plaza
1352:Crystal Point Mall
1108:Orland Square Mall
1061:International Mall
1022:Chicago Ridge Mall
1009:900 North Michigan
394:
342:
2222:Hotels in Chicago
2194:
2193:
2151:Park Forest Plaza
2115:Dixie Square Mall
2100:Charlestowne Mall
2059:Times Square Mall
2034:Northfield Square
2024:Cross County Mall
2003:Alton Square Mall
1862:Louis Joliet Mall
1844:Renaissance Place
1766:Algonquin Commons
1699:
1698:
1676:River Oaks Center
1671:Randhurst Village
1656:Orland Park Place
1580:Water Tower Place
1570:Shops at the Mart
1462:
1461:
1414:Park Forest Plaza
1409:Orland Park Place
1390:Meadows Town Mall
1356:Dixie Square Mall
1340:Charlestowne Mall
1282:Renaissance Place
1277:Randhurst Village
1164:Algonquin Commons
1157:Lifestyle/outdoor
1138:Water Tower Place
1118:Shops at the Mart
1113:River Oaks Center
1100:Northfield Square
1075:Louis Joliet Mall
895:. July 29, 2014.
610:Chicago Sun-Times
297:
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237:41.8001; -87.5882
132:Physical features
55:
54:
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2181:St. Charles Mall
2176:Spring Hill Mall
2085:1800 N. Clybourn
2008:St. Clair Square
1906:North Towne Mall
1814:Deerfield Square
1728:North Park Plaza
1646:Northbrook Court
1535:Chinatown Square
1513:
1489:
1482:
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1441:Spring Hill Mall
1433:St. Charles Mall
1331:Brementowne Mall
1327:1800 N. Clybourn
1250:North Towne Mall
1210:Deerfield Square
1195:Chinatown Square
1095:Northbrook Court
1085:North Park Plaza
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921:Official website
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837:. Archived from
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776:. Archived from
773:Hyde Park Herald
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2069:White Oaks Mall
2064:University Mall
2012:
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1929:Northwoods Mall
1910:
1890:Cherryvale Mall
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1776:Galleria Center
1752:
1748:Yorktown Center
1743:Westridge Court
1733:Oakbrook Center
1713:Fox Valley Mall
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1311:Westridge Court
1257:Oakbrook Center
1215:Galleria Center
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1148:Yorktown Center
1037:Fox Valley Mall
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942:Wayback Machine
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2130:Lakehurst Mall
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2054:SouthPark Mall
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2039:Northland Mall
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1809:Deerbrook Mall
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1781:Geneva Commons
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1691:Woodfield Mall
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1666:Plaza del Lago
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1651:Oak Mill Plaza
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1540:Ford City Mall
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1496:Shopping malls
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1378:Lakehurst Mall
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1320:Former/defunct
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1308:
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1262:Plaza del Lago
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1220:Geneva Commons
1217:
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1200:Deerbrook Mall
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1143:Woodfield Mall
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1128:Southlake Mall
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1032:Ford City Mall
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951:Chicago Maroon
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915:External links
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806:Chicago Maroon
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737:Chicago Maroon
722:
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588:
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511:Chicago Maroon
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407:loan guarantee
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382:
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330:
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307:community area
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2166:Sandburg Mall
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2105:Chicago Place
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2095:The Brickyard
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1882:Rockford area
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1834:Market Square
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1705:DuPage County
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1345:Chicago Place
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1104:Oak Mill Mall
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1057:Hawthorn Mall
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339:Hampton House
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251:United States
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213:Coordinates:
190:
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37:
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23:
22:
19:
2135:Lincoln Mall
1962:Village Mall
1895:Lincoln Mall
1819:Gurnee Mills
1545:Harper Court
1544:
1454:Woodmar Mall
1383:Lincoln Mall
1335:Century Mall
1230:Harper Court
1229:
1186:Cermak Plaza
1047:Gurnee Mills
987:Chicago area
901:. Retrieved
883:
871:. Retrieved
865:
855:
843:. Retrieved
839:the original
832:
822:
810:. Retrieved
804:
794:
782:. Retrieved
778:the original
771:
746:. Retrieved
735:
725:
713:. Retrieved
694:
682:. Retrieved
678:the original
652:. Retrieved
646:
619:. Retrieved
615:the original
608:
579:. Retrieved
573:
563:
551:. Retrieved
547:the original
532:
520:. Retrieved
509:
499:
487:. Retrieved
476:
451:. Retrieved
447:the original
412:master lease
404:
395:
363:
343:
300:Harper Court
299:
298:
276:Neighborhood
77:line in 2014
58:Harper Court
43:
35:
18:
2146:Old Chicago
1916:Peoria area
1854:Will County
1791:Lake County
1758:Kane County
1616:Edens Plaza
1575:Six Corners
1508:Cook County
1399:Old Chicago
381:Hyatt Place
235: /
46:August 2024
2201:Categories
2141:North Pier
2137:(Matteson)
1897:(Freeport)
1394:North Pier
903:August 24,
873:August 24,
845:August 24,
419:References
223:87°35′18″W
220:41°48′00″N
2161:The Plaza
2044:Peru Mall
2017:Elsewhere
1589:Elsewhere
1555:Navy Pier
1424:The Plaza
1080:Navy Pier
359:Five Guys
304:Hyde Park
280:Hyde Park
96:Developer
1500:Illinois
997:Enclosed
938:Archived
929:Archived
897:Archived
742:Archived
709:Archived
516:Archived
483:Archived
286:Location
260:Illinois
145:Location
2078:Defunct
1517:Chicago
812:July 8,
784:July 6,
748:July 5,
715:July 6,
684:July 6,
654:July 6,
621:July 6,
581:July 7,
553:July 7,
522:July 7,
489:July 6,
453:July 6,
329:Details
309:on the
270:Chicago
248:Country
118:Website
83:Project
36:updated
390:Hyatt
370:Hyatt
315:Hyatt
256:State
106:Owner
905:2014
875:2014
847:2014
814:2014
786:2014
750:2020
717:2014
686:2014
656:2014
623:2014
583:2014
555:2014
524:2014
491:2014
455:2014
266:City
88:Size
1498:in
949:at
2203::
891:.
864:.
831:.
803:.
770:.
758:^
740:.
734:.
707:.
703:.
664:^
645:.
631:^
607:.
591:^
572:.
541:.
514:.
508:.
481:.
475:.
463:^
441:.
426:^
377:.
1488:e
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1426:,
979:e
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877:.
849:.
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788:.
752:.
719:.
688:.
658:.
625:.
585:.
557:.
526:.
493:.
457:.
140:2
48:)
44:(
38:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
