News about 53rd St. in Hyde Park, Chicago

Bruce Finkelman

The Promontory opens today

The Promontory restaurant and bar will open for business today, adding a new dining experience to a growing restaurant scene in Hyde Park’s 53rd Street corridor.

The new establishment, at 5311 S. Lake Park Avenue, features a “hearth to table” theme and a menu by Chef Jared Wentworth, whose work at Longman & Eagle earned that popular Chicago restaurant a Michelin star. The Promontory, named for Promontory Point in Hyde Park, is the newest concept from Chicago restaurateurs Bruce Finkelman and Craig Golden, who are also partners in Longman & Eagle.

The restaurant, which joins A10, Porkchop, Native Foods, and Red Mango among new 53rd Street-area eateries, is part of a multiyear effort led by the University of Chicago to revitalize the 53rd Street corridor. The Promontory occupies the south end of the two-story building at 53rd and Lake Park that had been a shuttered Borders bookstore.

“The Promontory is a great addition to Hyde Park and will offer another venue for local community members who have expressed a desire for a variety of dining options,” said James Hennessy, Associate Vice President for Commercial Real Estate Operations for the University.

The restaurant and bar occupy the first floor of the two-story building. Beginning this fall, the Promontory will also offer live musical performances in its second-floor space.  It will feature an eclectic lineup of local and national touring artists, similar to Empty Bottle and Space, two other venues Finkelman and Golden are partners in, respectively.

“Both the Empty Bottle and Space have established themselves as institutions for live music in the Chicago area, and The Promontory will bring that same commitment to the Hyde Park community,” the restaurant’s owners said in a written statement.

The space, which is expected to have capacity for 300 seats, will also serve as a community center, hosting events such as farmers markets and craft fairs.

The hours of operation for the restaurant and bar will be Sunday through Thursday, 5 p.m. to 11 p.m.; Friday, 5 p.m. to 2 a.m.; and Saturday, 5 p.m. to 3 a.m.

 

CorePower Yoga Deal Fills Former Borders Building

CorePower Yoga, which offers yoga classes for beginners to advanced students, has signed a lease with the University of Chicago for 4,347 square feet of space in the building at 1539 E. 53rd Street. CorePower Yoga expects to open the new location in mid-2013.

The agreement brings the building, which previously housed a Borders Books and Music store, to 100% leased.

Other confirmed tenants in the 25,000-square-foot building include The Promontory, a new restaurant and entertainment venue by the owners of the popular Longman & Eagle eatery, Bruce Finkelman and Craig Golden; and Chicago-based fashion retailer Akira, which opened on the first floor of the building last week. The yoga studio will occupy the space above Akira.

The University purchased the former Borders building in July 2011 after the now-defunct bookseller closed its Hyde Park store. Securing new tenants for the building has been part of a broader effort to revitalize the 53rd Street retail corridor.

“The building’s size and location make it well-suited for a variety of uses, and we’re pleased that we’ve been able to fill it with some great new options for shopping, dining and working out in Hyde Park,” said James Hennessy, Associate Vice President of Real Estate Operations for the University of Chicago. “These amenities complement the existing and new businesses around the building and add to the economic vitality and momentum of the corridor.”