51 & lake park - loopnet · area restaurants include a10, yusho hyde park, promontory and...

Small Shop

Space Available

for lease

Doug [email protected]

William [email protected]

Trevor [email protected]

For Leasing Information Contact:

51ST & LAKE PARKHYDE PARK · CHICAGO




▶ Small shop space available along E. Hyde Park Boulevard and S. Harper Avenue

▶ 1,500 SF - 2,936 SF available

▶ City Hyde Park is open and vibrant, spaces can be delivered immediately

▶ Located at the base of 14-story City Hyde Park residential tower with 180 luxury units

▶ Development designed by the nationally renowned Studio Gang Architects and includes 2 levels of garage parking, street front retail and connects to the 53rd Street Corridor through the newly redeveloped Harper Court Corridor

▶ Located across the street from the Metra Electric Line and multiple bus stops

▶ Close proximity to the University of Chicago and the top rated University of Chicago Medical Center as well as the recently announced Obama Presidential Library

▶ Area co-tenants include LA Fitness, Chipotle, Starbucks, Ulta and Hyatt Place Hotel

▶ Area restaurants include A10, Yusho Hyde Park, Promontory and Giordano’s

City Hyde Park Be part of the vibrant tenant mix:

3,000 SF restaurant (coming soon)

Shoppers lined up around the block for Whole Foods opening day at City Hyde Park – June 2016.




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AVAILABLE 1515

2,936 SF5100

3,480 SF

GROUND FLOOR

SECOND FLOOR

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AVAILABLE 5115A

2,255 SF

5115B

3,000 SF

1,500 SF

AVAILABLE 1503

5109

2,927 SF

RESTAURANTComing Soon

5118

30,000 SF

1511

2,784 SF

RETAILLOBBYWEST

16,000 SF

25,000 SF

17,943 SF

RETAILLOBBY 2

TENANTBIKE ROOM

TENANTSTORAGE

ROOM

LL 1 - RETAIL PARKING

RESIDENTIALLOBBY

RETAILLOBBY 1

WHOLE FOODSRETAIL LOBBY

TWO LEVELS OF GARAGE PARKING

RETAILLOBBY 2

TENANTBIKE ROOM

RESIDENTIALLOBBY

RETAILLOBBY 1

LL2 - RETAIL / RESIDENTIAL PARKING

Available Retail:

1515 2,936 SF Available

1503 1,500 SF Available

5115A 2,255 SF Available




Hyde ParkDynamic Retail Market

Over the past seven years, Hyde Park has evolved into a thriving retail market. Many national retailers, most notably Chipotle, Starbucks, LA Fitness, Whole Foods and Akira have opened their doors. Their success has heightened recognition that Hyde Park is a dynamic and diverse market.

In addition, Hyde Park has become a focus for full service restaurateurs. A10, Promontory, and Yusho have opened to revenues levels well above those anticipated and 57th Street has developed into a strong restaurant row with popular eateries like Medici, Z&H Marketcafe and Cemitas Pueblas, serving both longtime Hyde Park residents and University of Chicago students. Harper Court, a mixed-use project anchored by retail will soon be home to the area’s fi rst brewpub, Jolly Pumpkin Artisan Ales. On the horizon, more businesses will be joining Target at the Vue53 development as well as possible retailers for the boutique hotel development planned for the corner of Dorchester Avenue and 53rd Street.

The University of Chicago

The University of Chicago (UChicago) is the catalyst for most of the real estate activity in Hyde Park. When UChicago isn't selling its multi-family and retail assets, it's buying parcels and buildings for future development. According to the director of communications

for civic engagement at UChicago, as of late 2016 the university has had approximately 40 new retail tenants open in Hyde Park, including pop-up stores, since 2011. UChicago opened a new campus residential center in September of 2016, designed by Studio Gang Architects, that added living space for 800 students along with 10,000 SF of street level retail space. UChicago has also been instrumental in encouraging new retail development in Downtown Hyde Park, and won the bid for the Obama Presidential Library.

Obama Presidential Library

Despite the quality of the recent retail activity in Hyde Park, the opening of the Obama Presidential Center & Library (OPL) will be an intense new driver of economic growth. A projected 800,000 tourists will visit area shops, restaurants, hotels and entertainment spots adding to the 1.4 M annual visitors to The Museum of Science and Industry (MSI) Hyde Park's top tourist attraction. According to an independent study, OPL visitors will add an additional $31 M annually to food, beverage and other retail expenditures in proximate neighborhoods. Synergies between the OPL and the MSI and the jobs produced will strengthen the surrounding neighborhoods and increase disposable income, effectively driving the next wave of development in Hyde Park.

Access & Transportation

City Hyde Park is located 7 miles from the Loop and is a 15 minute drive from via Lake Shore Drive. Shoppers and residents can also access the site via the Metra Electric Line (51st / 53rd Street Station) and several CTA bus lines with stops steps from the site.

IMAGES:

Below:

1 Harper Theater – 5238 S. Harper Ave

Opposite:

2 Whole Foods – City Hyde Park

3 A10 - 1462 E. 53rd St

4 Hyde Park market aerial

5 Nando's Peri-Peri – 1447 E. 53rd St

6 The Promontory – 5311 S. Lake Park Ave

7 Akira / Core Power Yoga – 1539 E. 53rd St

1




Harper Court

20,600

City Hyde Park

135 Rooms

Universityof Chicago

Entrance to

PorkchopKilwin’s

Obama FoundationNoteworthy Notes

Sir & Madame

est. 1

994

est. 1

994

Park TavernJa Grill

Mellow YellowBonne Sante

Valois CafeteriaThe Silver Room

Cafe 53LiteHouse Grill

Shinju SushiHyde Park Records

HP Taco StandFreehling Pot & Pan

WingersZberry

Nathan’s Chicago Style

Vue 53 Development

New HotelDevelopment

Yusho

53rd StreetStation

Kenwood AcademyHigh School

Phillip MurrayLanguage Academy

Akira

ChantHyde Park Bank

Kimberly Lee & CoUniversity Travel

Katsaros Pharmacy

Harper Court Theater

Red Snapper

Sit Down Cafe

Ch

A10 Restaurant

The Promontory

Rajun CajunJojayden Shoes

Yehia HairVue 53

Dollar Store 13,600

2

3

5

4

76




C


Medical Center

Universityof ChicagoLaw School

D’Angelo LawLibrary

MidwayMarket

WashingtonPark

Chicago

42,340Residential Population*

$77,732Average Annual

Household Income*

$3.7 BAnnual Retail Buying Power

64.4%Bachelors Degree

or Higher*

* 1 Mile radius fromCity Hyde Park

15,726Students

2,752Faculty & Academic

Professionals

$7.5 BEndowment

21,395Staff members; University

Medical Center, national labs

7th largest employerin Chicago

City Hyde Park Demographics




Hyde Park Produce Marketedars Mediterranean Kitchen

Nicky’s Chinese FoodKimbark LiquorSit Down Cafe

Harper Court TheaterA10 Restaurant

Vue 53 DevelopmentVue 53 Development



Red SnapperRed Snapper

Harper Court

est. 1

994

est. 1

994

est. 1

994

est. 1

994

Ja GrillPorkchopKilwin’s


Sir & Madame


Sir & Madame

CITY HYDE PARK

The PromontoryChant

Hyde Park BankKimberly Lee & CoUniversity Travel

Katsaros Pharmacy

Rajun CajunJojayden Shoes

Yehia HairVue 53

Dollar Store

Cafe 53LiteHouse Grill

Shinju SushiHyde Park Records

HP Taco StandFreehling Pot & Pan

Hyde ParkShopping Center

53rd StreetStation

53rd StreetStation

55th StreetStation

55th StreetStation

YushoYusho

NileWoodlwan Tap


Booth Schoolof Business

Navy PierDOWNTOWN

CHICAGOo CBD

Soldier Field

McCormickPlace

NortherlyIsland

MidwayPlaisance

Park

Museum ofScience and

Industry

7 miles to CBDfrom City Hyde Park

(15 min drive )

7 miles to CBDfrom City Hyde Park

(15 min drive )

© 2017 All information supplied is from sources deemed reliable and is furnished subject to errors, omissions, modifi cations, removal of the listing from sale or lease, and to any listing conditions, including the rates and manner of payment of commissions for particular offerings, the terms of which are available to principals or duly licensed brokers. This information may include estimates and projections with respect to future events, and these future events may or may not actually occur. Such estimates and projections refl ect various assumptions concerning anticipated results. While we believe these assumptions are reasonable, there can be no assurance that any of these estimates and projections will prove to have been correct. Therefore, actual results may vary materially from these forward-thinking estimates and projections. Any square footage dimensions set forth are approximate.

l of the listing from sale or lease, and to any listing conditions, including the rates andy listing conditase, and to anyfrom sale or leof the listing emova the rates andons, includingformation may include estimates and projections with respect to future events, and theseons with respees and projectnclude estimaormation may iThis inf nts, and thesect to future eveWhile we believe these assumptions are reasonable, there can be no assurance that anysonable, theremptions are reave these assumWhile we belieesults. rance that anycan be no assu

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For Leasing Information Contact:




51 & lake park - loopnet · area restaurants include a10, yusho hyde park, promontory and...

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