Chicago life science building under construction on the South Side to be completed in 2024

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hyde park labs rendering

Chicago Construction News staff writer

Trammell Crow Co. and Beacon Capital Partners have started vertical construction on Hyde Park Labs, a 302,388-sq. ft. life science development in Chicago.

The development team also includes Power Construction, Elkus Manfredi Architects, Interactive Design Architects and Ujamaa Construction, along with Trinal, which will serve as diversity and inclusion consultant. CBRE‘s Dan Lyne and Brandon Green are the exclusive leasing agents for the project.

The University of Chicago has preleased 55,000 square feet and will occupy one and a half floors at the building. The space will host Pritzker School of Molecular Engineering’s research team and will be used for developing a program focused on supporting life sciences-oriented startup companies.

The 14-story Hyde Park Labs represents the second phase of a 1.1 million-square-foot Harper Court mixed-use property.

When complete, Hyde Park Labs will include nine floors of Class A office, lab and ground-floor retail space, as well as three levels of parking, 40,000 sq. ft. of amenities, including private terraces at every floor, an indoors bar and lounge space, bike storage and a fifth-floor terrace with grills and firepits.

The building was designed to achieve LEED and WELL certifications.

In addition, the developers and UChicago plan to include 2,500 square feet of common space with programming for STEM students, teaching spaces and university mentorship and to fund a community engagement program.

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