In The News | Morgan’s thoughts into the Parking Lots that are Disappearing
They may have paved paradise and put up a parking lot, as Joni Mitchell once sang, but these days the lots themselves are Chicago’s real estate utopia.
Years into a residential construction boom downtown, and amid broader adoption of ride-hailing apps such as Uber and Lyft, real estate developers are gobbling up surface lots they can cover with high-rises.
Building over parking spaces and vacant lots is nothing new, but there’s anecdotal evidence the practice is on the rise as the city’s core expands.
For many downtown workers and visitors, their favorite surface lot could one day vanish.
Read Full Article: Chicago Tribune