The University of Chicago exercised its option to purchase most of the development on November 13 and then put most of what it acquired up for sale in March 2014.

Harper Court is located about 6 miles (9.7 km) southeast of downtown Chicago and is bordered on the south by 53rd Street, which is the main commercial corridor of Hyde Park, and to the east by the Metra Electric District line.

[6] The structure officially opened on November 8, 2013 and the University of Chicago exercised its option to purchase the office, parking and retail components as well as the rights to develop 425 residential units in the future for $98 million five days later.

[7][11] The University, which put the property up for sale in March 2014, leases all of the office space to host 550 employees.

[8] On July 25, the city of Chicago approved the sale of the current structure (and not the phase 2 residential construction) to CLAL Insurance Company for $112 million.