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Trammell Crow Company and Beacon Capital Partners have launched vertical construction at Hyde Park Labs on Chicago’s South Side

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. 


Inside The Story

Trammell Crow CompanyCBRE's Lyne

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).