One of the biggest developments currently taking place in the South Loop is the Roosevelt Collection. This project is very interesting as it provides a wide variety of things to the neighborhood (lots of retail, condos, movie complex, gym, among other things). According to the article in YoChicago, residents will be able to move in sometime around June of 2009.
Also of interest is that the sales person says they will be disclosing the retail tenants next month (January 2009). There is space for a ton of retail...the one thing I'm hoping for is a Chipotle!
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