Home to a rag-tag collection of buildings and dominated by a dirty parking lot, Village Center's only redeeming feature is the Original Pancake House. OPH exists almost to spite the other anemic tenants.
It obvious that this location is perfect for a mixed-use development. For example, a development that extends over the entire property (including the parking lot) with lower floors of retail, upper floors of apartments, and interior parking would make a great deal of sense.
The Village Center properties have been owned by Antheus Capital for more than two years. It is no secret that Antheus Capital would like develop this plot. Exact details on what might be proposed are difficult to come by (the Herald, in one of its brief moments as a real newspaper, printed a design prototype last year).
This means that Village Center is the only real option for development in Hyde Park (note that Harper Court is many years in the making and probably will be hampered by law suits and community interference).
The economy in general, and the commercial real estate sector in particular, shows signs of slowing down if not a true recession. I worry that all of the fumbling of the ball on Village Center will mean that, by the time something is ready to be built, no funding will be available.
In the meantime, Village Center remains a depressing sight and an embarrassment as one of the "gateways" to Hyde Park-Kenwood.