Pay Over $1,800 A Month To Live In Hyde Park's New Studio Gang-Designed Tower

By Rachel Cromidas in News on Sep 29, 2015 3:14PM

The saga of "the rent is too damn high," continues this week as units inside Hyde Park's new luxury apartment tower, City Hyde Park, hit the market.

One bedroom units in this 15-story South Side apartment building, designed by the award-winning local architecture firm Studio Gang, start at $1,820 a month. The rents only climb from there, up to $4,405 for a penthouse unit.

The LEED-certified, mixed-use building is slated to have a Whole Foods supermarket at its ground level, below-ground parking, and a green rooftop. It sits near a once-blighted stretch of East Hyde Park close to the lakefront and a little over a mile northeast of the University of Chicago campus.

The apartment tower will ultimately have 180 rental units available, and a 500,000 square-foot retail space with a Marshall's and Michael's, as well as the first Whole Foods south of the South Loop, according to Curbed.

With concrete columns, a sleek design and views of the lake and the Loop, the tower has a high-end appearance more commonly found in the South and West Loop, signaling an effort on the part of developers to capture an untapped market for luxury rentals on the South Side's lakefront—though $1,800-plus a month for 771 square feet of space seems like a big ask to us.

These renderings of a unit from Studio Gang give a sense of the tower.