It’s being billed as the first new high-rise in Hyde Park in more than 30 years – and this spring, buyers will get first crack at Solstice on the Park, the new 26-story tower planned for 5526 – 5540 S Cornell Ave. We spoke with Waveland Kendt, the sales manager with @properties, about the project today; he shared a few specifics, as well as the plan to ramp up marketing in the next couple months.
In the months since we first described Solstice on the Park’s unique green design (angled windows shade living spaces from the summer sun, for example), a few more renderings have been released from Studio / Gang / Architects, the project’s designer. Together they paint a rather impressive view of the project, which is planned for a vacant parking lot in the South Side neighborhood.
According to Kendt, developer Antheus Capital eschewed the one-bedroom units that traditionally form the bread and butter of many high-rise projects. Instead, the smallest unit is a two-bedroom home totaling about 1,500 square feet, and the largest bumps 3,500 square feet. The model, which Kendt expects to be open this spring, will be a 1,900-square foot, three-bedroom unit.
Solstice on the Park will comprise 145 units, and prices start in the low $500s and top out near $2.3 million. The development’s Web site offers only a tantalizing teaser and a registration form – but expect that to get a lot more interesting in the next couple months.
“The fact that there has not been recent development in high-rise living is very exciting for us,” Kendt says. “We really feel that there’s a pent-up demand, and this is going to sell very well.”
At this point, Solstice on the Park will break ground in late fall 2008 and begin delivery in 2010.