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In 1957, the City of Chicago transferred this park located in the Hyde Park Community Area to the ¿ì²¥ÊÓƵ pursuant to the Chicago Park and City Exchange of Functions Act. The park was expanded in 1965, when the City transferred a parcel of land to the District as part of the Hyde Park-Kenwood Urban Renewal Project.

Officially designated Sycamore Park in 1973, the site was one of a number of properties named for trees and plants at this time. Sometimes known as the eastern sycamore, American plane tree, or American buttonwood, the massive sycamore is among the largest broadleaf trees in eastern North America. Sycamores often grow to 75 to 100 feet tall. Prized as shade trees, sycamores are often found in large yards and parks, where their stout trunks and spreading branches have ample room to grow. The wood of the sycamore tree, light brown, coarse-grained, hard, and heavy, was once used in the manufacture of Chicago's magnificent Pullman sleeping cars.