An Updated Look at Some of the Highest-Profile Projects Happening in the West Loop
Posted by Leo Clark. on
If you pay any attention at all to Chicago’s robust real estate market, chances are you’re already familiar with at least some of the large-scale development that's currently underway throughout much of the bustling West Loop neighborhood. Easily one of downtown’s hottest locations to live, work, and play, there’s hardly been a better time to jump into the West Loop housing market and invest in one of the most sought-after places to live in all of Chicago right now, and as the neighborhood continues to evolve, more and more opportunities to do just that are rapidly coming through the pipeline.
But before you start browsing West Loop condos and lofts for sale, we thought we’d provide you with a quick update on what’s happening at some of the area's…
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Although the West Loop is easily one of the hottest neighborhoods in Chicago right now, convenience still plays a major role in deciding which home, loft, or condo feels like the right fit. And yes, finding a place that checks off as many boxes on your wish list still applies to even neighborhoods in Chicago that happen to be as popular as the West Loop.
As widespread development continues all throughout the neighborhood, the West Loop real estate market continues to stay red hot. Once a bustling warehouse district full of industry, the West Loop landscape is much different in 2017 than it even was five or six years ago, let alone long before that.
In case you haven’t noticed, single-family homes in Chicago can be expensive, especially in neighborhoods like Roscoe Village, Lakeview, and of course Lincoln Park. In fact, most move-in ready homes or newly built residences in these and other highly sought-after neighborhoods in Chicago start right around $1 million, and in many instances far exceed that price point.
The West Loop is hands down one of the hottest neighborhoods in Chicago right now. From the announcement of numerous large-scale commercial and residential projects like the new McDonald’s headquarters or Landmark West Loop to overall vibrant atmosphere that basically surrounds ‘Restaurant Row,’ Madison Street, the Fulton Market area, and just about every other nook and cranny in the community, it’s hard to argue against West Loop being one of the top places to call home in the city.
By now, there’s a pretty good chance you’ve heard the narrative—new construction rentals and apartments continue to be delivered all throughout downtown Chicago, and just when we think there might be somewhat of a slowdown on the development side of things, another large-scale project is announced.
Earlier today, Crain’s Chicago unveiled a series of spectacular new renderings of what could take over what’s essentially one of the last undeveloped parcels in all of River North.
The downtown Chicago area has seen a whole lot of new development reshape both the city’s landscape and its distinguished skyline in recent years, and now with 2017 already half over, which almost seems hard to believe, there seems to be no sign of a slowdown coming anytime soon, especially as the Chicago Tribune just reminded us of how many large-scale projects are still currently in the works.