Quote:
Originally Posted by 10023
It’s not just the built environment but the demographics. Sorry guys, but for those neighborhoods between I-55 and Washington Park to become desirable, there would need to be very large scale development that brought in a massive influx of new residents (and made them at least 40% or so white pretty much all at once). That would of course need to be accompanied by a fairly dramatic turnover in the retail, restaurant etc presence.
There is of course that whole post-Industrial wasteland along the lake to be redeveloped (including Prarie Shores), which would be a start. But there needs to be something big around IIT, where the L stop is, to introduce thousands of new white collar residents. Then 35th could gentrify, become a restaurant row or something, and you’d have momentum for the surrounding neighborhoods to develop bit by bit instead of with major redevelopment projects.
|
Perhaps you've been away from Chicago for too long. These areas are gentrifying right now, though I do agree there is a long way to go in terms of open land.dNot as rapidly as a Logan Square obviously, but they're gentrifying. They have seen a number of new construction homes built on vacant land and sold in the $400K to $700K range in the last 5 to 10 years. There's also some multi unit buildings in the form of new construction - mostly small but there's a few sizable ones like the one on 47th and Cottage Grove. There is still a long way to go, but to think that there's nothing happening right now? Come on.
Here's some examples of new homes in that area:
https://www.redfin.com/IL/Chicago/41...home/104483691
https://www.zillow.com/homedetails/4...90401075_zpid/
https://www.redfin.com/IL/Chicago/46.../home/82093510
https://www.redfin.com/IL/Chicago/61.../home/58481684
According to my permit map, I count over 130 new single family home construction permits, almost all on vacant land between 35th street, 51st street, State St, and Cottage Grove. I also count around 25 multi unit buildings in this area with new construction permits. There's another 20 multi unit buildings in the Kenwood area and a handful more SFH permitted. This is equivalent or even more than everyone's beloved Bridgeport.
The actual reality of who lives there is changing too with this. For example,
this census tract went from having 19.1% college education attainment in 2010 to 34.3% college education attainment in 2016.
This tract has a 45.7% college education attainment percentage as of 2016.
Some of the areas are already solidly middle class in terms of income. For example,
this census tract in 2016 has a median household income of $55,845.
This tract has a median household income of $55,813 in 2016.
And yes, they are seeing population growth.
This tract grew 518 people from 2010 to 2016 which was a 23.3% increase of population.
So yes, there is a long way to go, but there's actually things quietly happening in these areas.