News about 53rd St. in Hyde Park, Chicago
Mesa shares name and benefits of proposed project
Late last week, posters in the windows of some 53rd Street businesses revealed the name of the proposed project that would replace the Mobil gas station and car wash at 1330 E. 53rd Street: Vue53.
The posters, from Mesa Development, LLC, the firm leading redevelopment of the site, also touted the project’s expected benefits to the community, including 300 new construction jobs, new affordable housing in the neighborhood, new retail options, and an estimated $7.7 million in additional revenue to the 53rd Street Tax Increment Financing district. Some local residents also began receiving postcards in the mail with similar details, asking for support of economic growth in Hyde Park.