CHICAGO—About ten years ago, the University of Chicago decided that it would take a more active interest in the Hyde Park community and attempt to make 53rd St. into a true destination for shopping, dining and other retail. Those efforts have started to bear fruit and should soon start bringing the once-sleepy neighborhood national attention.

As reported in GlobeSt.com, a development team hired by the university which includes Avison Young, Peak Campus Development and Blue Vista Capital Management has started construction on Vue53 – a 267-unit mixed-use project on 53rd St., a complement to Harper Court, a newly-constructed 223,775 square-foot complex at 53rd St. and Lake Park Ave., another university project.      

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