Repositioning the Loop: Chicago Developers, Landlords Have Unique Opportunity to Reimagine Downtown Spaces

Date Published

Challenging circumstances often present opportunities for significant change. In the wake of the pandemic and its seismic impact on work and lifestyle trends, Chicago’s central business district is struggling with historically high office and retail vacancies. The situation gives developers and landlords incentive to reimagine older buildings with modern workers and residents in mind.

As real estate owners strive to realize the potential of their assets by (re)developing new and functional spaces, many questions arise about the unique challenges that lie ahead in this next stage of Chicago’s evolution. SCB Principal and President, Chris Pemberton, was among three experts Crain’s Chicago Business spoke to about Chicago’s LaSalle Street Reimagined program, which aims to revitalize the LaSalle Street corridor in Chicago’s Loop.

To learn more about the unique challenges and opportunities facing adaptive reuse of historic office buildings into dynamic mixed-use developments, and how SCB is helping to revitalize Chicago’s downtown, read the full article here.