When she was a freshman in high school, Suzet McKinney and her friends would take the 126 Jackson bus to the two-story McDonald’s at the corner of State Street and Jackson Boulevard downtown. They’d get French fries and walk up and down State Street to window-shop and people-watch. “The street was alive,” the Chicago Loop […]
Stone Real Estate’s Damen, Armitage and Southport Street Survey as Featured in Crain’s Chicago Business
Among Chicago’s boutique retail corridors, one pulls ahead while another falters Activewear company Rhone opened in November at 910 W. Armitage Ave. (Pierce Harrison) Among Chicago’s neighborhood retail corridors, Armitage Avenue has risen to the top. The stretch between between Sheffield Avenue and Halsted Street achieved a 0% vacancy rate in 2025, dropping from 4.2% […]
Stone Real Estate’s David Stone talks to Crain’s Chicago Business: Water Tower Place owner launching $170 million makeover of Mag Mile mall
The owner of Water Tower Place is launching a more than $170 million redevelopment of the property, ushering in a new era for the Magnificent Mile’s oldest vertical mall. Landlord MetLife Investment Management has unveiled plans for a massive overhaul that will open up the property’s lower floors with high ceilings and an atrium. The […]
Award-winning Mirra team bringing new ‘global coastal’ restaurant to the Loop
A new seafood-heavy chic restaurant, spearheaded by the culinary brains behind the popular Mirra in Bucktown, is about five weeks away from opening in the Loop. Set to open on May 6, the upcoming restaurant — dubbed Mariela — is something of a sequel to Mirra, a Mexican-Indian fusion spot that opened not even two […]
Protected: Stone Real Estate Corp Fulton Market Retail Trade Area Analysis 2025
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From high fashion to fast food, retailers battle for soul of Chicago’s Fulton Market
One of nation’s fastest-changing urban areas is still forming long-term identity Chicago’s Fulton Market has undergone major changes for more than a decade, including waves of new retailers. (iStock) By Ryan Ori | CoStar News | February 25, 2026 | 4:16 P.M. More than a decade into its run as one of the nation’s fastest-changing […]
Former McCormick & Schmick’s space on East Wacker gets a new tenant
A Mexican-American restaurant and bar is taking the place of the recently shuttered Loop steakhouse McCormick & Schmick’s. Espiritu, an upscale restaurant offering classic Chicago dishes with a Mexican twist, will occupy the 10,000-square-foot ground-floor retail space at 1 E. Wacker Drive, as well as 2,200 square feet of adjoining patio area along Wacker Drive, […]
Chicago Annual Loop Retail Analysis – 2025 Data
For the second year in a row, The Loop’s retail vacancy rate decreased with a significant drop to 28.53% versus 29.76% in 2024. Surprisingly, and perhaps a sign that a broader recovery has commenced across the entire Loop, State Street and the long-suffering Wacker & LaSalle corridors both reported significant increases in their respective occupancy […]
Loop Retail Vacancy Drops for the Second Year in a Row
Retail vacancy in Chicago’s central business district ticked down slightly in 2025 for the second year in a row, a bit of welcome news for an area that’s struggled with empty storefronts over the last several years. The Loop retail vacancy rate was 28.53% in 2025, compared with 29.76% in 2024, according to a report […]