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CHICAGO — The University of Chicago is midway through what it characterizes as a “once in a generation” community redevelopment effort aimed at revitalizing 53rd Street, a blighted retail district several blocks north of its historic Hyde Park campus here.

The $250 million project includes Harper Court, a new 600,000-square-foot, mixed-use project at the corner of 53rd Street and South Lake Park Avenue, along with the renovation and restoration of the adjacent Harper Theater complex, which consists of a long-closed historic movie theater as well as retail and office space. In addition, the university is renovating several other nearby retail properties and is in the early stages of planning a second mixed-use project on a site it owns further up the street.

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