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Development Continues to Fuel West Loop Appeal

Posted by Terri McAuley on Sunday, September 25th, 2016 at 9:54am.

While Chicago’s West Loop has seen incredible growth since coming out of the recession, it’s actually a part of town that’s been on the rise for many years. Most of the fabulous loft conversions you see all over this trendy part of Chicago first started to transform the West Loop back in the mid- to late ‘90s, and it’s been on a fairly steady upswing ever since. But since 2008, however, development all throughout the West Loop has been rigorous, and now many consider it to not only be Chicago’s hottest neighborhood since the recession, but also one of the most sought-after locations for home buyers and renters to consider for the foreseeable future as well. 

So what exactly is contributing to the latest development boom we’re seeing in the West Loop? 

While many headlines over the past couple years belonged to mega apartment developments and other large-scale residential projects like 9 W. Walton and Vista Tower, the West Loop is home to two of the highest-profile commercial developments we’ve seen in recent memory in 1K Fulton and now the new McDonald’s headquarters, which will replace the iconic Harpo Studios campus located at 110 N Carpenter St. In addition, the West Loop restaurant scene, which combines Greektown, Fulton Market, and of course Chicago’s famed ‘Restaurant Row’ along Randolph Street, is now also considered to be the hottest in all of downtown Chicago, helping give the neighborhood a unique and unparalleled balance of zoning that allows locals to live, work, and play all in one location.

According to recent figures released from Appraisal Research Counselors, 4,171 rental units have been brought to market in the West Loop since 2008, and over 500 more are expected to be delivered by the end of 2017. Towering projects along the expressway like Arcadia Tower are continuing to alter the West Loop landscape, and even luxury three-bedroom condos like the new CA Washington development are selling at a pace that’s faster than anything we’ve ever seen. In fact, if you swing by the development site of CA Washington at Washington and Aberdeen, signs now say the project is already 90% sold, and that’s even before ground has been broken. 

During a three month stretch earlier this year that ended on July 31st, 320 homes sold in the West Loop for a median price of $400,000, which is up nearly $100,000 compared to the same time-frame just four years ago. But what really tells the story of just how hot Chicago’s West Loop neighborhood has become is the average days on market for what’s already sold this year is just 41 days, and almost half of those properties sold for over the original asking price.  

For reference, Chicago as a whole had a median home price of $285,000 and a market time of 57 days during those same three months. 

INTERESTED IN WEST LOOP REAL ESTATE?
Are you ready to call the West Loop home? Start browsing West Loop real estate for sale, or call or text Terri McAuley today at (312) 330-3211 for more information about the neighborhood!

CHECK OUT SOME OF THE WEST LOOP'S HOTTEST NEW CONSTRUCTION BELOW:

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900 West Washington Boulevard #p1, CHICAGO, IL - $5,679,999

Residential, Attached Single
  • 4 Beds
  • Baths
  • 4,949 SQFT
View details More Photos Save

900 West - Unrivaled Luxury And Privacy In The Burgeoning West Loop. Mere Steps From Soho House, Restaurant Row, Shopping And The Newly Completed River Walk. Experience The Best Chicago Has To Offer. As The Premier Mid-rise Leed Gold Building...

1109 West Washington Boulevard #ph8d, CHICAGO, IL - $3,900,000

Residential, Attached Single
  • 4 Beds
  • Baths
  • 5,110 SQFT
View details More Photos Save

65% Sold! Only 2 Ph Units Remain! Introducing Hayden West Loop, An Exclusive Collection Of 28 Ultra Luxury Residences Designed By The Renowned Booth Hansen Architects. Blending Refined Industrial Design With The Comforts, Amenities And Privacy Of ...

900 West Washington Boulevard #201, CHICAGO, IL - $3,599,999

Residential, Attached Single
  • 4 Beds
  • Baths
  • 3,310 SQFT
View details More Photos Save

900 West - Unrivaled Luxury And Privacy In The Burgeoning West Loop. Mere Steps From Soho House, Restaurant Row, Shopping And The Newly Completed River Walk. Experience The Best Chicago Has To Offer. As The Premier Mid-rise Leed Gold Building...

900 West Washington Boulevard #601, CHICAGO, IL - $2,989,999

Residential, Attached Single
  • 4 Beds
  • Baths
  • 3,310 SQFT
View details More Photos Save

900 West - Unrivaled Luxury And Privacy In The Burgeoning West Loop. Mere Steps From Soho House, Restaurant Row, Shopping And The Newly Completed River Walk. Experience The Best Chicago Has To Offer. As The Premier Mid-rise Leed Gold Building...

1000 West Monroe Street #7s, CHICAGO, IL - $2,617,360

Residential, Attached Single
  • 3 Beds
  • Baths
  • 3,413 SQFT
View details More Photos Save

Announcing 1000 W Monroe, An Exclusive Development With 12 Individual Residences. Designed By The Architects Of The Godfrey Hotel Among Other Renowned Structures, These Finely Appointed Homes Are Bringing Luxury To The Heart Of The West Loop. Comp...

111 South Peoria Street #ph02, Chicago, IL - $2,275,000

Residential, Attached Single
  • 4 Beds
  • 4 Baths
  • 3,267 SQFT
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Rarely Available Luxury Duplex Penthouse By Acclaimed Developer Lg Development. This Penthouse Boasts A Wide Open Floor Plan. This New Construction Development Offers A 24 Hour Doorman, Wireless Everywhere, Dry Cleaning Drop Off/pick Up, Dog Wash,...

20 North Loomis Street #b, CHICAGO, IL - $2,229,000

Residential, Attached Single
  • 5 Beds
  • 6 Baths
  • 5,634 SQFT
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Welcome To Loomis Luxury Townhomes. Located In Chicago's Wonderful West Loop, These Five Story Residences Epitomize Luxury. With Over 6,000 Square Feet Including 2 1/2 Private Parking, Private Roof Decks, Private Elevator, Fireplaces And Family ...

216 South Green Street #4s, CHICAGO, IL - $1,999,000

Residential, Attached Single
  • 4 Beds
  • Baths
  • 3,427 SQFT
View details More Photos Save

Exceptional Duplex Penthouse In The West Loop Delivers The Essence Of Contemporary Luxury In The Most Sought After Chicago Neighborhood. A Well Thought-out Floor Plan Lives Like A Single Family Home. The Impressive Top Floor Includes An Expansive ...

111 South Peoria Street #ph07, CHICAGO, IL - $1,999,000

Residential, Attached Single
  • 3 Beds
  • Baths
  • 2,624 SQFT
View details More Photos Save

Rarely Available Luxury Duplex Penthouse By Acclaimed Developer Lg Development. This Penthouse Boasts A Wide Open Floor Plan. This New Construction Development Offers A 24 Hour Doorman, Wireless Everywhere, Dry Cleaning Drop Off/pick Up, Dog Wash,...

1109 West Washington Boulevard #3d, Chicago, IL - $1,835,000

Residential, Attached Single
  • 3 Beds
  • Baths
  • 3,159 SQFT
View details More Photos Save

65% Sold! Introducing Hayden West Loop, An Exclusive Collection Of 28 Ultra Luxury Residences Designed By The Renowned Booth Hansen Architects. Blending Refined Industrial Design With The Comforts, Amenities And Privacy Of Single Family Living For...

9 North Ada Street, CHICAGO, IL - $1,599,000

Residential, Detached Single
  • 4 Beds
  • Baths
View details More Photos Save

Walk To Everything The West Loop Has To Offer From This One-of-a-kind Brand New Gut Renovated 4bed + Family Room/4.1bath Brick And Limestone Fee Simple Rowhome Situated On Rare Tree-lined Street. Desirable Open Floor Plan Features Professional Gra...

9 North Ada Street, CHICAGO, IL - $1,599,000

Residential, Attached Single
  • 4 Beds
  • Baths
View details More Photos Save

Walk To Everything The West Loop Has To Offer From This One-of-a-kind Brand New Gut Renovated 4bed + Family Room/4.1bath Brick And Limestone Fee Simple Rowhome Situated On Rare Tree-lined Street. Desirable Open Floor Plan Features Professional Gra...

111 South Peoria Street #704, Chicago, IL - $1,585,000

Residential, Attached Single
  • 4 Beds
  • Baths
  • 2,488 SQFT
View details More Photos Save

Lg Development Proudly Introduces 111ume Chicago - 79 Luxury Condos In The Heart Of The West Loop, Featuring Transitional High End Finishes Throughout. This New Construction Development Offers A 24 Hour Doorman, Wireless Everywhere, Dry Cleaning D...

462 North May Street #3, CHICAGO, IL - $1,499,900

Residential, Attached Single
  • 3 Beds
  • Baths
  • 3,000 SQFT
View details More Photos Save

Unparalleled Attention To Detail In This Sophisticated New Construction Penthouse Unit By Keeper Development! Your Client Will Have Nothing To Upgrade! Wolf & Subzero Appls & Even Built In Water Filtration Systm! Highest Level Of Finishes Througho...

836 West Hubbard Street #501, CHICAGO, IL - $1,450,000

Residential, Attached Single
  • 3 Beds
  • Baths
  • 2,300 SQFT
View details More Photos Save

This Is The One You Have Been Waiting For! Super Chic And Innovative, Almost New Construction In Hot Fulton Market. Expansive And Impressive 2200 Square Foot Simplex With Three Exposures And Awesome City Views From Almost Every Room. Perfect Floor...

900 West Washington Boulevard #302, CHICAGO, IL - $1,419,999

Residential, Attached Single
  • 2 Beds
  • Baths
  • 1,573 SQFT
View details More Photos Save

900 West - Unrivaled Luxury And Privacy In The Burgeoning West Loop. Mere Steps From Soho House, Restaurant Row, Shopping And The Newly Completed River Walk. Experience The Best Chicago Has To Offer. As The Premier Mid-rise Leed Gold Building...

111 South Peoria Street #603, CHICAGO, IL - $1,395,000

Residential, Attached Single
  • 3 Beds
  • Baths
  • 2,240 SQFT
View details More Photos Save

Lg Development Proudly Introduces 111ume Chicago - 79 Luxury Condos In The Heart Of The West Loop, Featuring Transitional High End Finishes Throughout. This New Construction Development Offers A 24 Hour Doorman, Wireless Everywhere, Dry Cleaning D...

111 South Peoria Street #501, Chicago, IL - $1,375,000

Residential, Attached Single
  • 4 Beds
  • Baths
  • 2,364 SQFT
View details More Photos Save

Lg Development Proudly Introduces 111ume Chicago - 79 Luxury Condos In The Heart Of The West Loop, Featuring Transitional High End Finishes Throughout. This New Construction Development Offers A 24 Hour Doorman, Wireless Everywhere, Dry Cleaning D...

216 South Green Street #1s, CHICAGO, IL - $1,325,000

Residential, Attached Single
  • 4 Beds
  • 3 Baths
  • 2,853 SQFT
View details More Photos Save

Introducing The New West Loop Collection A Series Of Five Unique Elevator Buildings Each Containing Eight Boutique Condos. The Limestone And Brick Facade Buildings Are Comprised Of Two Duplex-up Penthouses, Four Simplex, And Two Duplex-downs. Cus...

111 South Peoria Street #805, CHICAGO, IL - $1,210,000

Residential, Attached Single
  • 3 Beds
  • 3 Baths
  • 1,891 SQFT
View details More Photos Save

Lg Development Proudly Introduces 111ume Chicago - 79 Luxury Condos In The Heart Of The West Loop, Featuring Transitional High End Finishes Throughout. This New Construction Development Offers A 24 Hour Doorman, Wireless Everywhere, Dry Cleaning D...

1000 West Monroe Street #6s, CHICAGO, IL - $1,197,670

Residential, Attached Single
  • 3 Beds
  • Baths
  • 1,969 SQFT
View details More Photos Save

Announcing 1000 W Monroe, An Exclusive Development With 12 Individual Residences. Designed By The Architects Of The Godfrey Hotel Among Other Renowned Structures, These Finely Appointed Homes Are Bringing Luxury To The Heart Of The West Loop. Comp...

1000 West Monroe Street #4s, CHICAGO, IL - $1,140,160

Residential, Attached Single
  • 3 Beds
  • Baths
  • 1,969 SQFT
View details More Photos Save

Announcing 1000 W Monroe, An Exclusive Development With 12 Individual Residences. Designed By The Architects Of The Godfrey Hotel Among Other Renowned Structures, These Finely Appointed Homes Are Bringing Luxury To The Heart Of The West Loop. Comp...

111 South Peoria Street #403, CHICAGO, IL - $1,135,000

Residential, Attached Single
  • 3 Beds
  • Baths
  • 2,240 SQFT
View details More Photos Save

Lg Development Proudly Introduces 111ume Chicago - 79 Luxury Condos In The Heart Of The West Loop, Featuring Transitional High End Finishes Throughout. This New Construction Development Offers A 24 Hour Doorman, Wireless Everywhere, Dry Cleaning D...

440 North Halsted Street North #2b, CHICAGO, IL - $1,100,000

Residential, Attached Single
  • 3 Beds
  • Baths
  • 2,000 SQFT
View details More Photos Save

Where Modernity Meets Luxury. Incredible Extra Wide New Construction Condo, In Stunning Elevator Building. The Unit Is 3 Bedroom/2.1 Bath Including An Oversized Garage Space. Extra Wide Interior Provides Flexibility In Use. The Kitchen Is A Com...

462 North May Street #1, CHICAGO, IL - $1,099,900

Residential, Attached Single
  • 3 Beds
  • Baths
  • 3,348 SQFT
View details More Photos Save

Unparalleled Attention To Detail In This Sophisticated New Construction Project By Keeper Development! Your Client Will Have Nothing To Upgrade! Wolf & Subzero Appliances And Even Built In Water Filtration System! Highest Level Of Finishes Through...

1150 West Hubbard Street #1e, CHICAGO, IL - $1,098,888

Residential, Attached Single
  • 4 Beds
  • Baths
  • 3,400 SQFT
View details More Photos Save

Like New, Massive Four Bedroom, 2.1 Bath Duplex Unit With Expansive Living And Dining Rooms, Very Clean Finishes, State- Of- The- Art Kitchen With Quartz Counters, Oversized Island, Two-tone Italian White And Grey Cabinets, Upper-end Stainless Ste...

1000 West Monroe Street #3n, CHICAGO, IL - $1,073,725

Residential, Attached Single
  • 3 Beds
  • Baths
  • 2,036 SQFT
View details More Photos Save

Announcing 1000 W Monroe, An Exclusive Development With 12 Individual Residences. Designed By The Architects Of The Godfrey Hotel Among Other Renowned Structures, These Finely Appointed Homes Are Bringing Luxury To The Heart Of The West Loop. Comp...

111 South Peoria Street #309, CHICAGO, IL - $990,000

Residential, Attached Single
  • 3 Beds
  • 3 Baths
  • 1,891 SQFT
View details More Photos Save

Lg Development Proudly Introduces 111ume Chicago - 79 Luxury Condos In The Heart Of The West Loop, Featuring Transitional High End Finishes Throughout. This New Construction Development Offers A 24 Hour Doorman, Wireless Everywhere, Dry Cleaning D...

20 Loomis Street #20s-com, CHICAGO, IL - $989,000

Commercial, Retail/Stores
  • 73k SQFT
View details More Photos Save

New Construction 2,000 Sqft Vanilla Box At 20 N Loomis, Between Very High Traffic On Madison And Washington Streets In Booming West Loop. The Property Is On The Ground Level With Direct Access From The Street. Parking Available. Sale Or Lease.

1150 West Hubbard Street #4w, CHICAGO, IL - $979,000

Residential, Attached Single
  • 3 Beds
  • 2 Baths
  • 2,000 SQFT
View details More Photos Save

Make Sure To Take The 3d Virtual Walk To This Luxury Newer Construction (2016) In Prime Fulton Market ! This Fantastic Penthouse Has A Large Open Floor Plan, 3 Bed+ Den , 2 Bath With High Ceilings, A Large Private Terrace , And In Unit Stairs Tha...

220 South Green Street #2n, CHICAGO, IL - $959,000

Residential, Attached Single
  • 3 Beds
  • Baths
  • 2,050 SQFT
View details More Photos Save

Introducing The New West Loop Collection A Series Of Five Unique Elevator Buildings Each Containing Eight Boutique Condos. The Limestone And Brick Facade Buildings Are Comprised Of Two Duplex-up Penthouses, Four Simplex, And Two Duplex-downs. Cus...

Photo of Listing #09879093

1427 West Grand Avenue #1, Chicago, IL - $899,500

Residential, Attached Single
  • 4 Beds
  • Baths
  • 3,600 SQFT
View details More Photos Save

Superior Quality Materials And Workmanship With Extra Large Living Space On Oversized Lot. Two Master Suites. This Is Not Your Average Condo, Attention To Detail Is Obvious, Great Views, Large Finished Closets, Garage Parking, Great Neighborhood...

236 South Racine Avenue #602pa, CHICAGO, IL - $899,000

Residential, Attached Single
  • 4 Beds
  • Baths
  • 1,953 SQFT
View details More Photos Save

Only 2 Units Left!! Located In Chicago's Red Hot West Loop Neighborhood, The Residences On Racine Is A Boutique Building Featuring 20 New-construction Condominiums. This Is A Four Bedroom Floor Plan With Contemporary Interiors, Interior Heated Ga...

Photo of Listing #09872857

1427 West Grand Avenue #4, CHICAGO, IL - $869,900

Residential, Attached Single
  • 3 Beds
  • Baths
  • 2,000 SQFT
View details More Photos Save

Top Floor Penthouse, Superior Quality Materials And Workmanship With Extra Large Living Space On Oversized Lot. This Is Not Your Average Condo, Attention To Detail Is Obvious, Huge Rooftop Deck, City Views, Large Finished Closets, Attached Garage...

236 South Racine Avenue #402a, CHICAGO, IL - $849,000

Residential, Attached Single
  • 4 Beds
  • Baths
  • 1,953 SQFT
View details More Photos Save

Only 2 Units Left! Located In Chicago's Red Hot West Loop Neighborhood, The Residences On Racine Is A Boutique Building Featuring 20 New-construction Condominiums. Unit 402 Has A South Exposure And A 5x45 Ft. Deck. This Is A 4 Bedroom - 2.5 Bath ...

236 South Racine Avenue #502, CHICAGO, IL - $836,900

Residential, Attached Single
  • 4 Beds
  • Baths
  • 1,953 SQFT
View details More Photos Save

We Were Sold Out,but This Uni Just Ca,e Back On The Market. Located In Chicago's Red Hot West Loop Neighborhood, The Residences On Racine Is A Boutique Building Featuring 20 New-construction Condominiums. Unit 502 Has A South Exposure And A 5x45 ...

236 South Racine Avenue #302, CHICAGO, IL - $786,900

Residential, Attached Single
  • 4 Beds
  • Baths
  • 1,953 SQFT
View details More Photos Save

Located In Chicago's Red Hot West Loop Neighborhood, The Residences On Racine Is A Boutique Building Featuring 20 New-construction Condominiums. Unit 302 Has A South Exposure And A 5x45 Ft. Deck. The Residences Offers Two Plus Den-, Three- And Fo...

236 South Racine Avenue #202, Chicago, IL - $780,900

Residential, Attached Single
  • 4 Beds
  • Baths
  • 1,953 SQFT
View details More Photos Save

Located In Chicago's Red Hot West Loop Neighborhood, The Residences On Racine Is A Boutique Building Featuring 20 New-construction Condominiums. Unit 202 Has A South West Exposure And A 5x45 Ft. Deck. The Residences Offers Two Plus Den-, Three- A...

236 South Racine Avenue #501, CHICAGO, IL - $764,900

Residential, Attached Single
  • 3 Beds
  • Baths
  • 1,774 SQFT
View details More Photos Save

Located In Chicago's Red Hot West Loop Neighborhood, The Residences On Racine Is A Boutique Building Featuring 20 New-construction Condominiums. Unit 501 Has A South East View Plus 2two Balconies. The Residences Offers Two Plus Den-, Three- And Fo...

1427 West Grand Avenue #3, Chicago, IL - $689,000

Residential, Attached Single
  • 3 Beds
  • 2 Baths
  • 1,900 SQFT
View details More Photos Save

Superior Quality Materials And Workmanship With Extra Large Living Space On Oversized Lot. This Is Not Your Average Condo, Attention To Detail Is Obvious, Great Views, Large Finished Closets, Garage Parking, Great Neighborhood, 1 Block To School,...

236 South Racine Avenue #603, Chicago, IL - $649,900

Residential, Attached Single
  • 2 Beds
  • 2 Baths
View details More Photos Save

Located In Chicago's Red Hot West Loop Neighborhood, The Residences On Racine Is A Boutique Building Featuring 20 New-construction Condominiums. Unit 301 Has A South East View Plus 2two Balconies. The Residences Offers Two Plus Den-, Three- And Fo...

By:  Terri McAuley

Chicago Condos for Sale

Cell: 312-330-3211
Website:
www.WeKnowChicagoRealEstate.com

“Chicago’s Luxury Condo Specialist”

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Listing information last updated on April 19th, 2018 at 11:01pm CDT.