Chicago on the Rise: What’s Next in the City That Never Sits Still

Chicago doesn’t just evolve—it reinvents itself. Right now, the city’s pulse is strong, dynamic, and unapologetically ambitious. From bold redevelopment projects to architectural preservation and next-gen entertainment, here’s a look at what’s making headlines—and turning heads—around the city.

1. A New Chapter for the Hancock

Once an icon of vertical living and city views, the former John Hancock building at 875 N. Michigan Avenue is entering a new era. Now known as 360 Chicago, the observation deck is undergoing a $14 million redevelopment that includes immersive, interactive exhibits, elevated design, and new public spaces. It’s a clear message: the Magnificent Mile is making a comeback—and this anchor is leading the charge. Read the full story.

2. Gaming Venues Powering the Mag Mile’s Reinvention

Two new high-profile gaming venues are set to open along Michigan Avenue, bringing fresh entertainment energy to one of Chicago’s most iconic corridors. Beyond gaming, they’re part of a broader push to attract visitors, drive foot traffic, and reimagine what the Magnificent Mile can be. Read the Crain’s story ›

3. Erie Street Row Moves Toward Landmark Status

In Streeterville, preservation takes the spotlight as the city moves to landmark the historic Erie Street Row homes—one of the last intact stretches of 19th-century residential architecture near the lakefront. It’s part of why Streeterville remains one of Chicago’s most desirable neighborhoods, balancing modern luxury with timeless architecture. Read the full story.

4. The Fire Ignites the South Loop

The Chicago Fire FC is fueling momentum in the South Loop with plans for a new stadium at The 78—a transformative development on 62 acres of riverfront land. Renderings suggest a sleek, urban design enveloped in public green space and connected to public transportation. It's not just about soccer; it’s about redefining how we use the riverfront. The stadium is just one piece of a broader vision that includes mixed-use towers, research facilities, and vibrant public spaces designed to make The 78 a true “city within a city.” Learn more here.

5. DuSable Park and Lakefront Expansion

A long-awaited dream inches closer to reality with new design proposals for DuSable Park. The future 3.3-acre green space at the mouth of the river promises lush trails, open-air gathering spots, and a long-overdue tribute to Jean Baptiste Point du Sable, the city’s founder. This isn't just a park; it’s a piece of the city's identity. It also complements nearby luxury enclaves, such as the Gold Coast, celebrated for its rich history and elegance. View the latest renderings ›

6. The Navy Pier Marina Is Now Open

For the first time in nearly a century, Navy Pier has a marina—yes, a real one. The new 400-foot floating dock adds a whole new way to arrive at Chicago’s top lakefront attraction, bringing increased access, luxury boating amenities, and even potential for waterfront dining.

7. Dining in the Sky—Along the 606

The team behind Gretel and Little Bad Wolf is placing a big bet on the 606 trail. With a massive new indoor-outdoor dining and event concept planned just off the popular pedestrian path, the group is merging destination dining with Chicago’s beloved urban greenway. This kind of innovation parallels the energy seen in West Loop’s evolving real estate scene. 

8. NASCAR Hits Pause—And Looks Elsewhere

After two years of high-profile street races that transformed downtown into a high-speed circuit, NASCAR has announced a pause on its Chicago Street Race and selected a new city for its next marquee event. The move raises questions about the future of large-scale sports spectacles in the heart of the city. Full story

9. Tax Changes with Local Impact

A bigger SALT deduction—now in effect—will benefit many Illinois taxpayers, particularly homeowners in high-property-tax areas. For some, it could free up additional cash flow for real estate investments or upgrades. In a market where every dollar counts, strategic moves matter, much like those outlined in our Downtown Chicago condo market reset.  Details from Crain’s ›

10. Tribune East Tower Joins Streeterville’s Skyline

Approved and set to rise next to the landmark Tribune Tower, the Tribune East Tower will be one of Chicago’s tallest skyscrapers, blending luxury residences, hotel rooms, and retail space. This supertall addition will reshape the Streeterville skyline while complementing the area’s architectural heritage—a bold statement in the heart of your neighborhood focus. Read more now.

The Takeaway:
Whether it’s reimagining observation decks, reshaping lakefronts, or honoring architectural history, Chicago continues to lead with both grit and grace. For locals and visitors alike, the city’s next chapter is unfolding right now—in bold lines, visionary spaces, and skyline-defining ambition.

If you’re thinking about making a move—across town or the country—now’s a remarkable time to find your place in a city that’s always becoming something more.

— Craig Hogan & Rudy Zavala
Hogan Zavala Group | Engel & Völkers Chicago

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