Almost five years after buying the financially distressed Block 37 and then building the Loop’s largest apartment tower in decades atop the shopping mall, CIM Group is drawing up a real estate development that could make an even larger impact on Chicago’s skyline.
Loop Retail Vacancy Lowest Since at Least 2002
With more retailers pouring into the Loop in 2015, vacancy reached its lowest level in at least 14 years. Overall vacancy fell to 9.9 percent last year, the lowest point since Stone Real Estate began compiling a Loop report in 2002, according to the Chicago-based retail brokerage. Vacancy the past two years was 10.8 percent, […]