North Michigan Avenue recovery gains momentum with a drop in vacancy and infusions of capital – Crain’s

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kaiser solzay
2 months ago

A minimum of two generations before this comes back, don’t bet on the lack of roving gangs either.

Joseph Murzanski
2 months ago

If N. Michigan Avenue and State St resurrect, it won’t be because of Lightfoot or Johnson. Wiser minds will prevail.

ExChgo
2 months ago

I will admit I’m surprised that canny real estate people are betting on Chicago retail. The sales tax just went up, making it the second-highest in the country — so it seems like domestic visitors at least will look but not buy, and order it online when they are back home. But there seems to be real capital behind some of this, so maybe the rounds of foreclosures (which I assumed would continue) are over. If roving gangs don’t make the headlines (Mayor Brandon won’t really try, but he might get lucky), maybe there really will be an upturn for… Read more »

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