Development Alterations in the South Loop

Chicagobusiness.com has a recent story about two developers that are changing there plans in the South Loop due to the current state of the economy. Although this is the case around the city, country and world for that matter, it's still interesting to study different the ways each developer approaches their current predicament.

The main point of interest in my mind is that the piece of land directly north of Target on Clark (1000 S. Clark) is going to be built as lower end retail. In my mind this is perplexing as it seems like this area now has an abundance of retail space with the already existing Southgate market, Jofco Square and soon to be completed Roosevelt Collection.

However, what do I know....