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Loop North News
Loop North is a news and information website serving the Loop and Near North neighborhoods of downtown Chicago.
Navy Pier Marina construction kicks off for summer 2025 opening
Nov 18, 2024 · “The years of hard work, perseverance, and dedication to this project have come to fruition with this major milestone,” said marina developer Randy Podolsky (left) at a formal “water breaking ceremony” on November 12. “Believing in a dream and making it a reality makes it all worthwhile to be able to bring recreational boater access to Navy Pier.”
Loop North News - North Side housing market heats up with …
By Don DeBat. 29-Jan-25 – Chill Arctic winds may be blowing in Chicago in January, but Chicago’s North Side housing market posted a hot and vibrant fourth quarter in 2024.. Despite the ongoing shortage of homes for sale, and year-end mortgage-rate creep, both unit sales and the median sales price delivered double-digit gains.
Loop's summer economy rebounds with surge in events and …
Oct 23, 2024 · Photo by Dave Mead. By GPT-4o. 23-Oct-24 – The Chicago Loop Alliance’s latest report reveals encouraging metrics about downtown’s economy as it rebounded significantly during the summer months. Pedestrian and CTA ridership figures have hit their highest points since the pandemic began, thanks to a bustling lineup of events.
Loop recovery continued through 3Q, says Chicago Loop Alliance
(Above) Visitors to Cloud Gate along Michigan Avenue. Photo by Chicago Loop Alliance. By Steven Dahlman. 6-Nov-23 – Economic activity in the Loop, July through September, continued its return to pre-pandemic levels, according to a new report by Chicago Loop Alliance.. Pedestrian activity on State Street and Michigan Avenue was up in the past year to 75 percent of its pre-pandemic level ...
NASCAR will shift Chicago's lakefront into a parking lot
By Don DeBat. 21-Jun-23 – Despite all the hoopla about NASCAR’s Chicago Street Race boosting tourism, enriching hotels, and filling downtown restaurants, the truth is former Mayor Lori Lightfoot has left Chicagoans with a monumental urban mess and traffic gridlock at Grant Park and the lakefront.. Less than three weeks before the July 1-2 event, Chicago transportation officials revealed ...
Pedestrian activity in Loop closing in on pre-pandemic levels
Apr 24, 2024 · (Above) Pedestrians at State & Randolph in the Chicago Loop. Photo by Scott Teresi. (Click on image to view larger version.) By Steven Dahlman. 24-Apr-24 – Pedestrian activity in the Chicago Loop in the first three months of 2024 approached, and in some cases exceeded, pre-pandemic levels.. According to Chicago Loop Alliance, the Loop is showing signs of actual “bustling.”
Chicago's tailspin housing market showing signs of revival
Aug 22, 2023 · “While July of 2023 was the 17th consecutive month of year-over-year home sales declines in Lincoln Park, the Gold Coast, the Near North Side, Lakeview, and North Center, we are beginning to see some signs of an improving market,” observed Realtor John Irwin (left), co-author of the Baird & Warner August Market Analysis with broker Jackie Lafferty.
Latest parts of Lakeshore East master plan topped-off
By Steven Dahlman. 26-Jan-21 – Two of the last buildings under construction as part of the Lakeshore East master plan have reached their full height.. Chicago-based Magellan Development Group and Sydney-based LendLease say they have topped-off Cirrus, a 47-story 350-unit luxury condominium tower at 211 North Harbor Drive, and Cascade, a 37-story 503-unit luxury apartment tower at 455 East ...
Hefty apartment rent hikes forecast for Chicago in 2024
By Don DeBat. 10-Sep-23 – Chicago apartment dwellers likely will see hefty rent increases in early 2024, according to a new national forecast.. For the first time in 20 years, Chicago’s apartment rent growth over the past three quarters is the highest of major rental markets in the nation, reports CoStar Risk Analytics.