Antheus Capital gets $60M loan for 26-story Hyde Park tower

The immediate area has seen a flurry of recent new development

Rendering of the development (Credit: Solomon Cordwell Buenz)
Rendering of the development (Credit: Solomon Cordwell Buenz)

Antheus Capital has secured a $60 million construction loan from BMO Harris Bank to build a 26-story, 246-unit residential tower at 1600 East 53rd Street in the Hyde Park.

New Jersey-based Antheus in March scored a permit for the building from the city.

The first four levels the development will include parking as well as 10,000 square feet of retail, according to Curbed.

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Antheus bought the site, currently a parking lot, for $3.9 million in 2011.

It’s immediately adjacent to a Metra station and a stretch of 53rd Street that has seen major new development activity in recent years, including a 98-room boutique hotel scheduled to open in July.

A spokesperson for BMO Harris confirmed that the loan was issued. Antheus did not responded to requests for comment in time for publication.

Earlier this week the Tribune reported a trust linked to Bill Gates had bought a single-family house in the neighborhood for $1.25 million.