Category: Real Estate
The Loop’s iconic State Street has landed on National Real Estate Investor’s list of “Top 5 U.S. Streets Where Retail Rents Have Shown the Greatest Growth,” with a 16.7 percent annual growth in rents as of June 2015.
Mayor Rahm Emanuel today presided over the signing of an architect agreement between Beijing-based Wanda Group and Magellan Development Group to build an 88-story mixed-use hotel, condominium and retail building at the edge of the Loop in the Lakeshore East area. This marks one of the final steps to bringing the $900 million Wanda Vista project to Chicago, and adds another important milestone to the Loop's rapid growth as a residential neighborhood.