CHICAGO-Chicago-based Vermilion Development Inc., which has been hired to redevelop the Harper Court shopping center of Hyde Park, holds letters of intent for 60% of the proposed retail space measuring 80,000 square feet. The developer is close to find financing for the first phase of $240-million project.
The $100-million first phase of the development at 5211 S. Harper Ave. will include a hotel, retail and a 150,000-square-foot office building. The city has already awarded $20 million in tax-increment financing for the development. For the full story, go to Crain's Chicago Business.
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