Loop living is coming back. What's the plan for Block 37?
March 10, 2014
The loop, or financial district, is a dense area full of sky scrappers, businesses, and el trains. When Chicago began as a city the loop is where it all began. Over time residents have span in all directions for more space, privacy, and greenery.
The tables have now turned as busy professionals eye the loop as being of upmost convenience. Apartment buildings like 215West and Randolph Tower are staples of what loop living for the modern day renter looks like.
Block 37, which hasn't had the best track record for executing planned developments is back on the radar. The plan is to bring over 500 rental units right to State street. Talk about shopping at your finger tips..
The question is whether the demand will be there after other buildings like 111 E Wacker and 73 E Lake open over 800 luxury apartment doors this year.