Projects

Residential

Hyde Park Tower

Chicago, Illinois

Hyde Park Tower is a 155-unit high-rise multifamily community located in Chicago, Illinois.

Built in 1989, the property occupies a unique lakefront position in the Hyde Park submarket, offering structured parking, Lake Shore Drive connectivity, and direct access to Metra Electric service to Millennium Station.

The property has consistently maintained occupancy in the 98-100% range—a testament to the exceptional institutional demand generated by the University of Chicago (20,000+ employees) and UChicago Medicine (15,000+ employees), both located directly adjacent to the property.

The Hyde Park submarket exhibits a highly educated renter profile, with more than 60% of residents holding bachelor’s degrees and a stable 65%+ renter occupancy base. Significant zoning and entitlement friction effectively prevents new high-rise competition from entering the submarket.

The business plan is a core-plus, income-oriented strategy focused on deferred maintenance execution rather than discretionary value-add. An exterior capital program will eliminate systems risk and stabilize the physical asset.

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