The 78 in Chicago - Chicago's Newest Neighborhood

Описание: The 78 in Chicago - Chicago's Newest Neighborhood

Are you looking for a good neighborhood to move into in close the future, the 78th in Chicago is going to be a solid bet.

The 78th is the latest and largest community to be developed in the city of Chicago. This mega-development spans 62 acres and 13 million square feet. It seeks to transform a long-unused land into a masterfully planned mixed-use neighborhood.

If you want to get into the immense opportunities that the 78 offers, you need to know everything about this new neighborhood in Chicago. Bear with me as I will be discussing a lot of things. But don’t worry. I will guide you through the things you must know about the 78 - its history, planned amenities, and other offerings. This video will help showcase what the 78 is and help you make informed decisions about investing here.

Here are the things you must know about the 78th in Chicago.

⏱️Chapters⏱️
00:00 Intro
00:43 What is the 78 in Chicago?
04:07 What can you expect from the 78th in Chicago?
04:30 Housing plans for the 78 in Chicago Chicago
04:43 Education in The 78 in Chicago
05:19 Economic Potential The 78 in Chicago
05:41 Way of Transportation inside the 78 in Chicago
06:59 Recreation Opportunities The 78 in Chicago
08:19 The 78 in Chicago Progress in 2021

Navigating Chicago is a unique experience. This city currently has 77 community areas! The 78th is the most ambitious development here to date. This will take the vacant riverfront parcel between Chicago’s South Loop and Chinatown, and turn this area into a fine location with a vibrant mix of architectural design. It will be going towards sustainable, smart, and modern real estate development.

Here are the essential elements of this mega-development:

This 7.2-billion dollar investment is developed by Related Midwest and master-planned by Skidmore, Owings & Merrill. Development began with community engagement between 2016 and 2019. The City of Chicago, especially the Roosevelt/Clark TIF District, also invested a lot for the 78. $551 million goes to building new public infrastructure.

Housing: The 78 will have 5,000 new apartments, twenty percent of which will cater to low-income families.

Education: The 78 will also be a hub akin to Silicon Valley, through the Discovery Partners Institute, a high-tech research center and incubator created by the University of Chicago, the University of Illinois, and Northwestern University.

Economic Potential: The 78 boasts a booming job market, with over 24,000 permanent jobs.

Recreation: The 78 is deeply rooted in the Chicago River. It is the core of its recreational amenities.

All things said, the 78 is on track to be Chicago’s next great community. This will fill in the gap in Chicago’s overall layout. There are a lot of exciting opportunities for this real estate development.

So what do you think about the 78th in Chicago?

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DISCLAIMER: I am not a financial advisor. The contents in this channel are meant for informational purposes only. They do not constitute financial or legal advice.

Every effort has been made to only provide complete and accurate information, based on experience and speculation. But it may include errors. Just use this channel as a starting point towards an informed decision.

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