VUE53 - MESA PROPERTY REDEVELOPMENT

 

Mesa Development LLC has proposed a mixed-used building to redevelop 

the University of Chicago-owned property at 1330 E. 53rd Street. 

The new building, called Vue53, would include 267 units of high-quality rental housing, 

229 parking spaces, and about 28,000 square feet of ground-floor retail space.


The project will achieve LEED Silver certification, consistent with the University of Chicago's 

commitment to sustainability property building and development.

 
The Project will include:


  • 218 parking spaces 
  • 128 bicycle spaces 
  • 20% of housing units will be affordable (27 units) 
  • 15% of the units will be on-site, 5% off-site
 Photo Credits:  Mesa Developers

This Planned Development (PD) project will be financed entirely by private funding, 

and will not involve any TIF funding.  In fact, the project is estimated to raise 

approximately $7.7 million in TIF increment for the 53rd Street TIF, which can eventually 

be leveraged for other community improvements.


The Vue53 Proposal is widely supported by the community.


CLICK HERE FOR SUPPORT DETAILS.

 

 

 RECENT NEWS STORIES

 

Hyde Park's Vue53: 10 Things to Know
Aug 2013 | CEI Media Group

Mesa Development, the developer for the Vue53 project, announced that it plans to begin work to remove the underground gas storage tanks from the Mobil site on Aug. 13, 2013. The Mobil station currently located on the site where Vue53 will be built is set to close on August 12.


Vue53 Brings $7.7 Million TIF District Revenues to Hyde Park
May 2013 | CEI Media Group

Mesa released a poster that highlights impressive economic growth markers that include 300 construction jobs, $7.7 Million in additional TIF District contributions, and no tax dollars received.


Invitation to TIF Advisory Council Meeting May-7-2013
May 2013 | CEI Media Group

To get the latest news on the Vue53 development, join the 53rd TIF Advisory Council Meeting on Tuesday, May 7th, 7pm at Kenwood Academy in the Little Theatre.