Trammell Crow & Beacon Capital's 302K SF Hyde Park Labs in Chicago Tops Out

A fusion led by Trammell Crow Co. and Beacon Capital Partners has brought forth a new project at Hyde Park Labs in Chicago's vibrant South Side. Anticipated to reach completion in the fourth quarter of this year, this 302,388-square-foot life science development is planned to welcome its initial occupants early in 2025.

A Collaborative Endeavor

Kickstarting construction last February, the project attracted substantial support as CalSTRS recently extended a $136 million loan set to mature in July 2025. The partnership also encompasses the expertise of renowned general contractors Power Construction and Ujamaa Construction, together with the creative flair of Elkus Manfredi Architects and Interactive Design Architects. Leading the leasing front are CBRE's Dan Lyne and Brandon Green, driving the project's leasing initiatives with finesse. Noteworthy preleased space has been secured by the University of Chicago, a move heralding a pioneering lab incubator in conjunction with CIC, amplifying support for budding enterprises and nascent scientific exploration.

Exploring Innovative Spaces

Delve into the realms of cutting-edge real estate with Hyde Park Labs, a visionary addition to Chicago's rapidly evolving market. Nestled within the bustling Harper Court development's second phase, this space is not merely a construction endeavor but a meticulous curation of style, functionality, and sustainability. Boasting expansive floor plans, generous ceiling heights, and an array of modern amenities, Hyde Park Labs sets a new standard for the convergence of form and function.

An Unmatched Array of Amenities

Hyde Park Labs isn't just a physical space; it's an experience tailored to elevate the daily workings of its occupants. From chic lobby areas to sophisticated retail spaces, and from private terraces on each level to a vibrant fifth-floor oasis named The Lawn, every detail exudes elegance and utility. With environmental consciousness at its core, the facility adheres to LEED and WELL standards, promising a harmonious blend of efficiency and comfort.

A Vibrant Hub of Activity

Situated at 5207 Harper Court, lies a transit-oriented building in proximity to an array of dining and retail experiences, just 7 miles outside downtown Chicago. For travelers, Chicago Midway International Airport stands a mere 13 miles away.

A Growing Mixed-Use Development

The initial phase of the Harper Court mixed-use project, spanning 650,000 square feet, debuted in 2013. Among the completed structures in the overarching plan is a notable 12-story office tower housing UChicago’s administrative facilities, a 131-room hotel, and over 80,000 square feet of retail space.

A Legacy of Innovation and Growth

Trammell Crow's lasting impact is felt through over a decade of visionary projects, totaling more than $5.2 billion. Their focus on developing cutting-edge laboratories, healthcare properties, and life science assets, reaching an impressive 6 million square feet nationwide, exemplifies their commitment to pushing boundaries in real estate development.