In terms of real estate and development, the South Loop is going to feel some pain in 2009 according to an article today on Chicagobusiness.com. This probably isn't the biggest surprise for residents in the South Loop, but as you can imagine it's a little disheartening to hear.
Although I'm not arguing the facts of the article or the current real estate predicament, but if you don't have to sell your place tomorrow I think you should be fine. As the article states, the South Loop neighborhood has a lot of attractive attributes for it's residents, such as close proximity to the loop, lake, Grant Park, Museum Campus, public transportation and major highways.
As they say in real estate, it's all about location, location, location...and I think that should help the South Loop continue to evolve.
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