CHICAGO, IL – After news broke of a planned $7 billion redevelopment of many of the parking lots surrounding the United Center, real estate professionals with a stake in the West Side knew they were at the epicenter of Chicago’s next hot spot. 

As the plan begins to take shape, investors will have a clearer picture of the opportunities it presents. Since it has not received any city approvals yet, the current proposal could be far from its final form. 

“It’s great for the neighborhood, and it’s also a question of what is feasible. … It will take time to manifest and get city council approval,” said Brad Feldman, senior managing partner at Interra Realty. 

He compared the area’s potential to Logan Square or Bucktown’s 10 to 20-year transformation but likely on a shorter timeline. 

Read the complete article at the Real Deal.