Beacon Capital Partners and TCC deliver Hyde Park Labs

Beacon Capital Partners and Trammell Crow Company have announced the delivery of Hyde Park Labs. Located at 5207 S. Harper, Hyde Park Labs is the South Side of Chicago’s first commercial, purpose-built advanced R&D lab building. The team is also celebrating the opening of its STEM engagement center for local youth, known as Southside STEM Station, situated on the ground floor of Hyde Park Labs.

Designed by Elkus Manfredi Architects and Interactive Design Architects, the 13-story building spans more than 300,000 square feet, featuring nine full floors of Class-A lab and office space, ground-level retail, and four levels of above-grade and below-grade parking. The facility will include 40,000 sq. ft. of tenant amenities, including a fifth-floor terrace dubbed “The Lawn,” featuring grills, firepits, views of Lake Michigan, and direct access to the interior tenant lounge. Hyde Park Labs also offers private terraces on every floor, secure on-site bike storage, an indoor bar and lounge, and an executive boardroom. 

The University of Chicago has already pre-leased approximately 55,000 sq. ft. at Hyde Park Labs. In addition to faculty research, the University space includes its new UChicago Science Incubator, a partnership between the Polsky Center for Entrepreneurship and Innovation and Portal Innovations to translate early-stage deep tech concepts into commercial opportunities. Five UChicago-affiliated companies are among the incubator’s first tenants: memQ, Exactics, Signl, Cell Therapy, and Neuro Innovations. The University will also be hosting scientists from IBM who will be working with the new National Quantum Algorithm Center in the adjacent Harper Court building, home to the Chicago Quantum Exchange.

Additionally, the Southside STEM Station officially opened on the ground floor of Hyde Park Labs on May 29, 2025. Benefitting from extensive community input early in the development process, this new learning hub offers free, quality hands-on STEM programs for students, families, and educators on the city’s South Side. It will feature in-school labs, after-school and summer programs, community events, and teacher professional development to foster inclusive STEM education.

The building’s construction was led by Power Construction and Ujamaa Construction.