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That article basically says that Chicago's population mostly declined because so many blacks left, which is true, but also Chicago lost white population. It doesn't really go into rich vs. poor.
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Originally Posted by marothisu
There's a reason why Chicago is in the middle of a mini building boom again with rental units in the "downtown" area as well as smaller ones in areas like Lakeview, Logan Square, West Town, etc why the average monthly rent has been rising but occupancy is extremely high still.
But Chicago is not in a building boom relative to other cities. It generally has less construction than the other largest U.S. cities (at least currently). Yes, certainly there is a great deal of newer housing for the rich, but that's true in almost all major U.S. cities.
Chicago isn't really an outlier. It's doing what most big cities are doing. It's been a little slow lately, relative to other cities, but not really unique.
A big part of why Chicago 'feels' bigger than Toronto is because it still does have a dense urban core ie.. taller buildings and like Toronto a large daytime workforce.. ion the building front, the gap is closing however and once Toronto's building boom is completed i'd say they would be similar. Toronto has had to play alot of catchup and it is doing that quickly.
Another thing I found with Chicago is the DT core died out of pedestrian traffic at night as workers go home - to the suburbs... whereas Toronto remained busy due to a huge residential population residing in it - this will only continue as Toronto's DT is growing in residential numbers at a much faster pace than Chicago..
That article basically says that Chicago's population mostly declined because so many blacks left, which is true, but also Chicago lost white population. It doesn't really go into rich vs. poor.
But he does go into it and even more if you can read between the lines.
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But Chicago is not in a building boom relative to other cities. It generally has less construction than the other largest U.S. cities (at least currently). Yes, certainly there is a great deal of newer housing for the rich, but that's true in almost all major U.S. cities.
Uh, I wouldn't call it a full on boom, but it's DEFINITELY in the middle of a small boom. No offense...but you seem rather out of date with a lot of things dealing with Chicago. There is definitely a small boom going on (again, not a full on boom like that of Toronto).
The greater downtown area along is set to add at least, as of today, 5500 rental units to the "downtown" area alone by the end of next year...2500 of those by the end of this year. Possibly more too since new things keep getting proposed and approved. This isn't counting other areas of town where many things are also happening.
Let's see, just VERY recently completed or topped out:
* 500 N Lake Shore Drive | 45 stories and 500 new units | Completed not long ago | 500 North Lake Shore Drive : Curbed Chicago
Currently Under Construction or breaking ground soon:
* Summit On Lake | 42 stories and 332 new units | More than half way done | Summit On Lake : Curbed Chicago
That article basically says that Chicago's population mostly declined because so many blacks left, which is true, but also Chicago lost white population. It doesn't really go into rich vs. poor.
But Chicago is not in a building boom relative to other cities. It generally has less construction than the other largest U.S. cities (at least currently). Yes, certainly there is a great deal of newer housing for the rich, but that's true in almost all major U.S. cities.
Chicago isn't really an outlier. It's doing what most big cities are doing. It's been a little slow lately, relative to other cities, but not really unique.
You really dont have a clue what your talking about.
But he does go into it and even more if you can read between the lines.
Uh, I wouldn't call it a full on boom, but it's DEFINITELY in the middle of a small boom. No offense...but you seem rather out of date with a lot of things dealing with Chicago. There is definitely a small boom going on (again, not a full on boom like that of Toronto).
The greater downtown area along is set to add at least, as of today, 5500 rental units to the "downtown" area alone by the end of next year...2500 of those by the end of this year. Possibly more too since new things keep getting proposed and approved. This isn't counting other areas of town where many things are also happening.
Let's see, just VERY recently completed or topped out:
* 500 N Lake Shore Drive | 45 stories and 500 new units | Completed not long ago | 500 North Lake Shore Drive : Curbed Chicago
Currently Under Construction or breaking ground soon:
* Summit On Lake | 42 stories and 332 new units | More than half way done | Summit On Lake : Curbed Chicago
Another thing I found with Chicago is the DT core died out of pedestrian traffic at night as workers go home - to the suburbs... whereas Toronto remained busy due to a huge residential population residing in it - this will only continue as Toronto's DT is growing in residential numbers at a much faster pace than Chicago..
Except that's not where 100% of the downtown core of Chicago is. The Loop used to be like that, but if you step into River North which is directly across the river from the north end of the Loop, it's full of restaurants, bars, and clubs and many bars/clubs don't close until 4am everyday (and 5am on saturdays).
I'm really sick and tired of people not venturing outside of the Loop when they visit. It's like people complaining about the CBD of London not being busy after business hours too. It's a city and you should learn about it when visiting. Just because you have a section of town where everyone works does not mean that is where the action stays at night. In Chicago, it goes barely outside of the area to River North, Gold Coast, and then Lakeview, Lincoln Park, Wicker Park, etc.
Looks about equal to what is going on in DTLA these days, and many people refer to it as a the beginning of a "boom" out here.
Yeah, I need to learn what's going on in LA (weird since half of my family lives there and I haven't heard much).
This is only a little bit too. There's a lot more stuff going on or about to begin. For example, the Wolf Point referenced above is in three phases. The other two phases will be a 70 story and a 90 story building (well hopefully). A lot of other stuff like retail and mixed use being built or about to. I saw plans for at least 50 new units to replace a gas station in Wicker Park. Another 50 units are planned for the "East Village" below that. More residential in Lakeview, Logan Square, etc.
Some of these are working fast. There was a 33 story rental tower (Chicago & LaSalle) just approved late last week and they were already on the site doing soil testing today (it's an empty lot right now).
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Maybe mini-booms in Downtown Chicago are less impressive because it has had so many massive booms?
Not sure..I think some people who don't live here aren't aware of what's going on right now and what's about to happen and think they do. The same poster also claimed a few weeks ago that a certain section of town's high rises and midrises all feature suburban type of turn arounds in front. Biggest load of bull**** I've heard in a long time.
Many businesses are expanding, moving from out of state or the burbs, etc. Google is about to move 2000+ employees from the burbs to the downtown core any month now, the startup community is rapidly growing here, companies are buying up more office space. I believe one of the large developers stated recently he expects there to be 2-3 million sq feet of new office space built within the next 3-4 years too.
In other parts of town too even SRO buildings are being converted into new residences or hotels. I even saw yesterday a new hotel approved for Chinatown which is not too far from the expansion of McCormick Place and the new DePaul Arena. Not far from there is the planned Motor Row which is supposed to be a new entertainment district and get started late this year/early next year http://chicago.curbed.com/tags/motor-row
Or maybe not to mention some smaller conversions in other parts like converting a few factories into lofts again, tearing down an abandoned building in Lakeview for 25 more residential units. Or perhaps the Gay themed hotel proposed for Lakeview too, or yeah..you get the point. There is already a lot under construction and a number of the approved stuff *will* be built. I didn't on purpose list stuff like the Old Post Office Development because who knows what the deal with that one is.
Last edited by marothisu; 05-21-2013 at 05:53 PM..
You can't tell me that Chicago's downtown urban core is as intertwined between a CBD and residential nabe's and residential development like that of Toronto... by American standards maybe but for a city like Toronto the difference is stark. I find Toronto and Manhattan more similar in urban fabric than Chicago when it comes to downtown cores.
Quote:
Originally Posted by marothisu
Except that's not where 100% of the downtown core of Chicago is. The Loop used to be like that, but if you step into River North which is directly across the river from the north end of the Loop, it's full of restaurants, bars, and clubs and many bars/clubs don't close until 4am everyday (and 5am on saturdays).
I'm really sick and tired of people not venturing outside of the Loop when they visit. It's like people complaining about the CBD of London not being busy after business hours too. It's a city and you should learn about it when visiting. Just because you have a section of town where everyone works does not mean that is where the action stays at night. In Chicago, it goes barely outside of the area to River North, Gold Coast, and then Lakeview, Lincoln Park, Wicker Park, etc.
Yeah, I need to learn what's going on in LA (weird since half of my family lives there and I haven't heard much).
Yeah I edited my post to say that what is going on in Chicago's core definitely surpasses that of DTLA. Is there much construction in the inner neighborhoods as well? What is cool about LA's boom is that it is happening all over - Santa Monica, Culver City, Hollywood, Koreatown, DTLA, even Glendale are blowing up with new projects being proposed / approved / ground broken.
Quote:
Originally Posted by marothisu
Not sure..I think some people who don't live here aren't aware of what's going on right now and what's about to happen and think they do. The same poster also claimed a few weeks ago that a certain section of town's high rises and midrises all feature suburban type of turn arounds in front. Biggest load of bull**** I've heard in a long time.
Yes that was quite confusing. It was as if the fact that there is parking present totally ruins how urban the Loop is.
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