The Transformation Of Chicago's East Loop

Chicago's recently-opened Millennium Park has transformed Chicago's East Loop into a thriving (and profitable) neighborhood.

1 minute read

October 18, 2004, 9:00 AM PDT

By Chris Steins @planetizen

"Since the July opening of the 24.5-acre, $475 million park, which also features a performing arts pavilion, theater, restaurant and ice-skating rink, 'the sheer number of people in the area has exploded.'

...Condo developers undertaking new construction in the area are taking profits of 15% to 20%... [T]he residential buzz is making every owner of an under-performing office building rethink their highest and best use.

Thanks to Chris Steins

FULL STORY: Millennium Park Energizes Chicago's East Loop

Friday, October 1, 2004 in National Real Estate Investor

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