Sure, development is accelerating along Michigan Ave between the river and Randolph. But is it enough to warrant a "Mag Mile-and-a-half" tag? The folks at Crain's think so. And they have a compilation of pending projects to back up the assertion— seven major rehabs, hotel conversions, or apartment tower developments are in the mix for a stretch of Michigan (and intersecting streets) that has long wallowed in the shadows of blunt office towers. A frenzied hotel and apartment development climate is intersecting with new catalysts on the strip (Hard Rock Hotel, restaurants, Millennium Park) to create opportunities. They include Hotel Indigo, a London Guarantee Building hotel, Summit on Lake, Virgin Hotel, and an apartment high-rise by John Buck. Read on! [Crain's]
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