South Loop is Chicago's "it" spot for new residential development.
Condominium and loft builders have taken the area's vacant lots by
storm in recent years and the result is a flourishing new construction
home market that has caught the attention of first-time buyers and
second home investors alike.
As the fastest growing neighborhood in Chicago, residential spots
here don't come cheap – but they're not off-the-charts expensive
either. Most of the housing here is attached and a one bedroom condo or
loft could cost anywhere from $175,000 to $300,000+. Two bedroom units
in the South Loop generally fall in the $400,000 range, but there are
also a number of upscale two bedrooms that breach the million-dollar
mark. Spacious three bedroom townhouses start around a half a million.
Whatever the price tag, it hasn't deterred Chicagoans from buying in
the area. Even Mayor Daley moved to the South Loop – that's when the
housing market really exploded here.
The South Loop is
one of Chicago's biggest tourist destinations because it is home to
Grant Park, which is famous for its huge outdoor summer festivals,
concerts and events; and the Museum Campus is in the South Loop which
houses the Shedd Aquarium, Alder Planetarium and the Field Museum. And
football fans will be happy to know Soldier Field is right there, too,
where the Bears play all their home games. Grant Park is a bustling hub
for the city's endless schedule of festivals and fairs, including the
famous week-long Taste of Chicago when local restaurateurs set up
booths to show the world just why Chicago is America's culinary
capital. Also known as "Chicago's front yard," this sprawling park is a
popular recreational spot for Chicagoans to picnic, fly kites, take a
stroll, bike, nap on the lawn, walk with the dog, read a book, listen
to the iPod, or just enjoy nature at its finest. And with breathtaking
views of Lake Michigan and the Chicago skyline, Grant Park offers some
of the best photo ops in the entire city!
Those who live
and work in the neighborhood are familiar with a side of the South Loop
that out-of-towners are not necessarily privy to. We're talking about
the prime dining destinations, like the Bongo Room, a super hip
restaurant where brunch is king, every order is enormous and the
breakfast menu reads like a fancy dessert list. The Bongo Room's famous
brunch dishes, like white chocolate pretzel pancakes, draw more than
the local gentry – folks come from all around to eat at this trendy
contemporary American food fave. Other South Loop culinary
establishments include upscale cafes and delis, and you have your pick
of elegant eateries and Chicago-style pizza joints. A whole slew of
Asian cuisine restaurants, such as Thai Spoon, Triad Sushi and Lao Sze
Chuan, have also trickled into the neighborhood rounding out the
variety of tastes.
The eatin' is good in the South Loop,
but its selection of shopping ain't too shabby either. Shoes, jewelry,
haute couture fashion accessories, you name it… South Loop stores
deliver. Those on a budget don't have to pass on the shopping spree,
just head to DSW Shoe Warehouse for bargain prices, while anyone with a
fat pocket book may prefer to graze the aisles of the more upscale
Heelz Chicago Shoe Salon.