Chicago Enterprise
Chicago Enterprise is a weekly column about urban development trends and business decisions that shape the future of our region.
The retailer’s closures of four Chicago stores follow the retreat of others from the city’s South and West sides and underscores how companies and communities often don’t get each other.
One proposal involves replacing the Wheatland Tube factory in Back of the Yards with a three-building logistics center covering more than 30 acres.
He will confront stubbornly high commercial vacancies and a slow return to office work, along with economic worries that make banks less willing or able to help.
After a record year for leasing in the sector, three sites in Chicago have varying chances of success. Proximity to ComEd substations is a major factor.
The employee-owned company in Rogers Park is expanding and has 350 job openings.
Proposals being evaluated by local groups and the Department of Planning and Development would introduce new uses to the old Central Manufacturing District on Pershing Road.
The Seng, a building completed near North and Clybourn avenues, is being marketed to working families who find other starter homes beyond their budgets.
A plan for a $30 million arena near McCormick Place for virtual contests has been scrapped, while prospects have dimmed for a proposal to put esports and student housing in the Loop.
The Chicago Architecture Center’s Come Home Initiative aims to build momentum for investments in the South and West sides.
Bell Works Chicagoland, a reimagining of a former AT&T site, will add residences to the office development in hopes of creating a community hub.
Seeking influence in ward races is a group, United Working Families, that has argued for tax hikes that target the rich but could chase businesses and suburbanites from the city.
The $172 million development phase on the old ABLA Homes site continues a vision of improving a neighborhood by adding mixed-income housing and other amenities.
Experts say there’s a clear split between “have” and “have-not” buildings as big companies favor modern space heavy on amenities.
Chicago’s ‘social bond’ program lets residents invest in neighborhood improvements for as little as $1,000.
The city touts its Invest South/West initiative, but the real action is on the other side of town.
Voting for a union is one thing; achieving a contract is quite another if the employer is in no hurry to begin bargaining.
Terrence Duffy, chairman of Chicago-based exchange owner CME Group, said his meeting with Sam Bankman-Fried showed FTX had no plan to prevent trading calamities that could have spread across the financial system.
New plans floated for 130 N. Franklin St. maximize sun exposure for office dwellers who remain nervous about the pandemic, but a tenant still needs to sign on.
Northwestern University is trying to win over neighbors with plans to bring concerts to the home of the Wildcats.
The landmark’s owner is wrapping up renovations designed to improve the building’s connections to the public and make it a more attractive place to work.
It’s a work in progress, but the company’s service called Mo draws on financial information to answer questions quickly without some of the worst traits technology picks up from humans.
After years of slack office demand, investors are opting to either improve or redevelop their properties. Meanwhile, the supply of new housing could get a jolt from plans in Sugar Grove.
Samir Mayekar says business leaders have to view urban job creation as a sustainable business plan and not just philanthropy.
Using space at the former school for St. Agatha Catholic Church, the Sustainability Hub is a venture between a developer and others to address workforce development and economic justice.
President Biden hosts his first state dinner on Thursday, for President Emmanuel Macron and his wife, Brigitte. Gov. J.B. Pritzker will be attending. The Sun-Times has the delicious details.
The Far South Community Development Corp. is putting final touches on a housing proposal as it looks for other ways to improve the area.
The company that manages McCormick Place has appointed Kelvin Moore to the post, succeeding industry veteran David Causton, who is retiring. Moore will be the first African American to hold the position.
Move to the Kinzie Industrial Corridor on the Near West Side planned with $17.6 million in tax increment financing and another $9.6 million from the state.
Formerly an apartment hotel, the building is getting a complete makeover backed by a former resident, Chicago business executive Joe Mansueto.
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