
Trammell Crow, Beacon Capital Launch Hyde Park Labs Construction
Trammell Crow Company and Beacon Capital Partners have launched vertical construction at Hyde Park Labs in Chicago. Located in the Hyde Park neighborhood on Chicago’s South Side, Hyde Park Labs will deliver 302,388 square feet of lab and office space, along with ground-floor retail and community space, when it is completed in late 2024.
The University of Chicago has pre-leased 55,000 square feet, a portion of which will house researchers from the Pritzker School of Molecular Engineering. Space will also be used to develop an incubator program.
“Chicago’s strong life science employment base, combined with the presence of some of the nation’s top universities, including the University of Chicago, will promote future tenant demand for life science space, especially as this industry continues to be the fastest growing sector in the U.S.,” said CBRE’s Dan Lyne, who with colleague Brandon Green will handle marketing and leasing.