Anchoring the eastern entrance of Hyde Park's diverse and bustling 53rd Street retail corridor, this University of Chicago owned building is a major piece of the 53rd Street development plans. Akira, Chicago¹s cutting edge fashion boutique, has taken up quarters on the 53rd Street side of the first floor. Other area developments include new student housing, a hotel, a four screen theater and many new retail and dining establishments. The building has 24,963 sf of space over two floors, an elevator and a 49 stall dedicated parking lot. Nearly all forms of urban transportation converge on the site. Across the street is the 53rd Street / Hyde Park Metra Commuter Rail Station, Lake Park Avenue has upwards of 25,000 vehicles a day traveling by, both pedestrian and bicycle paths tie the main campus of the University of Chicago to 53rd Street.