South Loop dominates new construction downtown

Hard to believe that 10 years ago the flavor of South Loop came from transient hotels, storage buildings and old railroad tracks. Today, it comes from construction cranes, which stand guard on every block like yuppy beacons, calling the out-of-towners and surburbanites home. During the first quarter of 2006, about 44 percent of downtown condo sales occurred in the South Loop, according to Appraisal Research Counselors. So far, the housing analyst says, demand seems to be keeping up with an exploding supply of new condos.

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