The Chicago South Loop is changing! South Loop has established itself as one of Chicago's most bustling, quickly growing neighborhoods. South Loop not only boasts many residential developments, but is also changing shopping in Chicago.
GW Properties, a Chicago developer, is planning to create another big retail project near the Roosevelt Road shopping strip, where numerous stores and restaurants already exist. GW Properties plans to build a three-building retail project at 1113 S. Jefferson St, where a current Marathon gas station and garage sits. The project is just north of Manny's Cafeteria & Delicatessen and just west of the Maxwell, yet another big shopping center that opened several years ago.
That isn't the only retail development blooming in the South Loop. Another retail project is underway at Roosevelt Road and Des Plaines Street. With current zoning, this project could be developed into about 230,000 square feet.
Further down Roosevelt Road, more development is taking place. Related Midwest is planning to develop "The 78", which is a 62-acre development bounded by Roosevelt Road, 16th Street, Clark Street, and the Chicago River. "The 78" will include a five-acre riverfront with bikeways, a seven-acre public park that follows the Chicago River until engineers straighten it out, and the Discovery Partners Institute, a research hub in the University of Illinois system.
"The 78" development project is also in conjunction with the Wells-Wentworth Connector, a new road between the Loop and Chinatown. The development will also include a new Red Line CTA station at 15th Street and Clark Street. The development is also planning to move the Metra line west.
This new development opens up more housing in the Chicago Loop, with more apartments and homes to be developed.
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