The short list of developers has been further narrowed to three, city and University folks said at this week’s 53rd Street TIF Council Meeting. The three finalists are:
- McCaffery/Interests/Taxman Corp Partnership
- Mesa/Walsh Partnership
- Vermilion Development/JFJ Development Partnership
Each of these developers has proposed a plan for Harper Court that is consistent with the feedback community members gave at three visioning workshops earlier this year. All of the proposals include a mix of retail, entertainment and restaurant space from both local and national companies. Think fitness centers, movie theaters, restaurants and live entertainment venues.
Here is more of what all of the proposals include:
- A condo or apartment complex with up to 200 new units
- On-site parking
- Some kind of gathering space like a park
- A boutique hotel with at least 150 rooms
- New University of Chicago office space.
Susan Campbell, associate vice president of Civic Engagement at the University, explained that the office space and hotel ensures that these new businesses can thrive during both daytime and evening hours. In the meantime, a few more steps need to be taken, like selecting the best proposal and presenting at the November TIF Council meeting for feedback. If all goes well, the city folks said design work could begin as soon as early next year.
And here’s the big question one of the TIF members insisted on getting an answer to – When?
The answer: We’re hoping by 2012-ish.