Creative placemaking could be the key to catalyzing real estate development on Chicago’s South Side. One success story is garnering international acclaim
CHICAGO — It’s no secret that some of Chicago’s 77 neighborhoods have suffered from a certain level of financial disinvestment, often systemic and spread out over decades.
But one Chicagoan’s efforts to inject new enthusiasm and a sense of community, anchored by artistic and cultural endeavors, are attracting global attention — and similar efforts might be the key to stimulating more equitable real estate development on Chicago’s South Side, a new report suggests.
The report reflects three years of studying creative placemaking and the impact it has on communities. It comes from the Urban Land Institute, a global organization of real estate and urban development professionals dedicated to the responsible use of land in creating and sustaining thriving communities.
ULI reports that cities are finding success with the concept of placemaking, in which developers, designers, planners and investors come together to sync up their efforts in residential, commercial