Chicago Loop Neighborhood
Chicago’s Downtown Loop neighborhood
Chicago’s central hub of business, entertainment and art Chicago Loop was destined from the start to be Chicago’s center and heartbeat. It’s named after the “loop” formation of the El tracks that surround the neighborhood. Now it’s a high-rise, fast paced, “let’s get down to business” environment, housing the city’s Financial District and Board of Trade.
But then the lights go down and the Loop becomes a source of lively entertainment with Randolph Street’s Theater District with, just to name a few, The Goodman, The Joffrey Ballet, Cadillac Palace Theater, Oriental Theater and The Chicago Theater, a Chicago landmark, its sign resembling Paris’ Arc de Triomphe spans nearly 6 stories. It also houses some of Chicago’s dining favorites like, classic Berghoff’s and Russian Tea Time. As well as the new comers like: Atwood Café, Everest, and Wacker Drive’s hotspots: Bar Novo and, always delicious, McCormick and Schmitt’s.
The neighborhood has long been only a business district, but over the last 5 years, we have seen a large number of condominium high-rise and apartment high-rise buildings sprout up. Luxury condo’s overlooking Millenium park are demanding a premium that was once reserved for properties North of the River. The demand for business housing in the area has created many new apartment high rise buildings in the area as well that double as corporate housing, but the level of luxury rivals many of the local condominium buildings.
The sites located within the Loop aren’t just for the tourists to oogle at. The Loop is a neighborhood for art with sculptures by Picasso, Joan Miro and Alexander Calder and Millennium Park’s fan-favorite art installations are all located within its limits. Willis Tower calls the Loop home as well (though we locals still call it Sears Tower, we don’t mind if you do too.)