Chicago Historic Loop has reached its capacity and the city growth pattern will only allow commercial district to grow west. We propose to create economically sustainable ‘New West Loop’ district in Chicago West Loop neighborhood to attract leading edge companies to build sustainable world class urban campuses. West Loop currently has about 10,000,000 sf vacant and underutilized lot capacities. There is a potential to significantly increase density in the area and provide opportunity for 40,000 new jobs.
We propose to build a new public park over expressway to serve as a 7/24 catalyst of the new development and to develop a new bus and bike route to connect residential West Loop to new CBD and further to the lake. The proposal was developed in collaboration with Fifield Companies and recommends utilizing TIF and EDGE dollars to catalyze the plan.