“Everything is trending in the right direction,” said Michael Edwards, of the Chicago Loop Alliance. “Some are slower than we’d like. Office [occupancy] right now throughout the Loop is about 50 percent. We’d really like it to be much higher than that. We expect it will be by the end of 2023...There’s 45,000 people living downtown, and up until just a few months ago, demand for apartments was the best it's been since before the pandemic.”
“Breathe life”?
This City administration only breathes death into neighborhoods.
JimBob
3 years ago
How many consultants can dance on the head of a pin?
Giddyap
3 years ago
Loop Is Still Deserted – Chicago Tribune — City’s Solution Is To Make Loop Cabrini Green 2.0 With Low Income Housing
debtsor
3 years ago
I know what will increase Financial District foot traffic. A suburban commuter tax! Call it the “Fee for LaSalle Equity & Empowerment” aka the FLEE tax
Gregory Morrow
3 years ago
“Whistling past the graveyard”, lol! A nonsensical puff piece – and who on earth would want to live in the gloomy and depressing Financial District in any case? Just turn it all into Section 8 housing and be done with it already…!!!
I’ve been in nearly every office building in the financial district throughout my career. There’s a handful of premiere spaces with great views but the vast majority of the office space is dark, windowless, or faces into an alley or another building, especially the lower floors. These people are out of their minds.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Lori says the city is safe! Hmmm……if the city is so safe why is it empty?
A once vibrant downtown turned into a jungle in a matter of a few years. Insanity.
West Detroit has arrived.
“Breathe life”?
This City administration only breathes death into neighborhoods.
How many consultants can dance on the head of a pin?
Loop Is Still Deserted – Chicago Tribune — City’s Solution Is To Make Loop Cabrini Green 2.0 With Low Income Housing
I know what will increase Financial District foot traffic. A suburban commuter tax! Call it the “Fee for LaSalle Equity & Empowerment” aka the FLEE tax
“Whistling past the graveyard”, lol! A nonsensical puff piece – and who on earth would want to live in the gloomy and depressing Financial District in any case? Just turn it all into Section 8 housing and be done with it already…!!!
I’ve been in nearly every office building in the financial district throughout my career. There’s a handful of premiere spaces with great views but the vast majority of the office space is dark, windowless, or faces into an alley or another building, especially the lower floors. These people are out of their minds.
And turning any of those older office buildings into housing will be a Herculean task, plumbing them to current standards alone would cost a fortune…
Not if they turn them into SROs or tenement housing with shared bathrooms…
It’s only taxpayer money.
LaSalle Street is gloomy during the day, and now it’s forbidding at night.