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University Apartments (Chicago)

I. M. Pei buildingsInternational style architecture in IllinoisResidential buildings completed in 1961Residential buildings on the National Register of Historic Places in Chicago
20111110 University Apartments
20111110 University Apartments

The University Apartments, also known as the University Park Condominiums, are a pair of ten-story towers in Chicago, Illinois designed by I. M. Pei and Araldo Cossutta. The project was part of a city initiative to revitalize the residential development in Hyde Park just north of the University of Chicago. Within the Hyde Park neighborhood, they are colloquially known as "Monoxide Island."

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University Apartments (Chicago)
East 55th Street, Chicago

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Latitude Longitude
N 41.795555555556 ° E -87.591111111111 °
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East 55th Street 1412
60615 Chicago
Illinois, United States
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20111110 University Apartments
20111110 University Apartments
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Hyde Park, Chicago
Hyde Park, Chicago

Hyde Park is the 41st of the 77 community areas of Chicago. It is located on the South Side, near the shore of Lake Michigan 7 miles (11 km) south of the Loop. Hyde Park's official boundaries are 51st Street/Hyde Park Boulevard on the north, the Midway Plaisance (between 59th and 60th streets) on the south, Washington Park on the west, and Lake Michigan on the east. According to another definition, a section to the north between 47th Street and 51st Street/Hyde Park Boulevard is also included as part of Hyde Park, although this area is officially the southern part of the Kenwood community area. The area encompassing Hyde Park and the southern part of Kenwood is sometimes referred to as Hyde Park-Kenwood, which includes the neighborhoods of East Hyde Park and Indian Village.Hyde Park is home to a number of institutions of higher education; among these are the University of Chicago, Catholic Theological Union, Lutheran School of Theology at Chicago, and McCormick Theological Seminary. The community area is also home to the Museum of Science and Industry, and two of Chicago's four historic sites listed in the original 1966 National Register of Historic Places (Chicago Pile-1, the world's first artificial nuclear reactor, and Robie House). In the early 21st century, Hyde Park received national attention for its association with U.S. President Barack Obama, who, before running for president, was a Senior Lecturer for twelve years at the University of Chicago Law School. The Barack Obama Presidential Center which is currently under construction in Jackson Park is located nearby.

Hyde Park–Kenwood National Bank Building
Hyde Park–Kenwood National Bank Building

The Hyde Park–Kenwood National Bank Building was built in 1928–29 at 1525 East 53rd Street, Chicago, Illinois, as the headquarters and sole business location of the Hyde Park–Kenwood National Bank, a community bank that served the Chicago neighborhood of Hyde Park. When opened for business in April 1929, this 10-story structure was the largest bank building in Chicago outside of the Chicago Loop. The building was designed by K.M. Vitzthum & Co. in the Classical Revival style, with some Art Deco ornamentation; it is faced with Bedford stone. The facade and the second floor main banking hall were renovated by Florian Architects under the design direction of Paul Florian in 2005. The building is now a Chicago Landmark.The Hyde Park–Kenwood National Bank, controlled by banker-developer John A. Carroll, was meant to be a pillar of its Chicago neighborhood. Like other bank buildings constructed before the Great Depression, the Hyde Park Bank Building was built to serve as a multi-purpose facility, with the building's 53rd Street frontage rented out to retail stores, the bank's public space occupying the interior of the first floor and all of the second floor, back-office facilities occupying more space, and additional office space set aside for rental by independent professionals such as physicians and lawyers. A thriving nearby electric railway station made this a prime location for capital-intensive development.Constructed for $2 million, this bank building opened only six months before the Crash of 1929, which permanently affected the U.S. banking business. As a result of the Great Depression, the building's flagship institution, Hyde Park–Kenwood National Bank, closed permanently in June 1932; depositors were eventually paid off in full, but had to wait until World War II for the final payout. However, another chartered bank then occupied the unused financial space, and the 1929 structure continued in use for banking purposes as of 2012.The bank building is built on the historic location of the town hall of the former Hyde Park Township, the municipal government of independent Hyde Park prior to annexation by the city of Chicago in 1889.