The Loop (continued)
While Marina Towers began this residential return to the heart
of Chicago, the North Loop redevelopment bogged for a time in
politics and competing plans. The South Loop, however, began to
prosper as a residential area with private development. Old office
and loft buildings underwent a renewal that began in the 1970s
and has continued into 1980s. The South Loop has become a popular
place to live and has recently been christened Burnham Park. Its
major development has been the conversion of old loft building
Printer's Row, along Dearborn and Plymouth Court, into condominiums
or rental apartments. These conversions supplemented by the new
townhouses and apartments of Dearborn Park, which was heralded
by Mayor Michael Bilandic in the late 1970s as Chicago's newest
neighborhood. Since that time the trend has continued with the
construction of River City just south of the Loop and the Presidential
Towers just west of the Loop. All of these developments have brought
residents back into the center city. Most of these people, however,
tend to be single or couples without children. Generally speaking,
it is still difficult to attract families into the central city.
All of this new development has occurred with the hope that it
will help retail sales on State Street and keep Chicago's downtown
a vital shopping center. While State Street has not fared badly
at all when compared to central business districts in other American
cities, it has continued to change. Developers are looking at
State Street as a site for more office towers. Although Michigan
Avenue has taken some of the trade from State Street, the retail
center of the city still remains close to its historical and geographical
center. The Loop is now redeveloping as a residential and commercial
district. That does not mean that its retail functions will disappear,
it simply means that they will be altered in proportion to new
functions. The presence of apartments in old office and loft buildings
may also mean that more entertainment will return to the Loop.
All the developments will create a new and very interesting Loop.
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Figure
1: Dearborn Park housing development, State, Polk, Clark, and Roosevelt
Road, 1985. »
Figure
2: River City, east bank of the Chicago River south of Harrison Street,
1985. »
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