The Chicago developer Calvin Boender transformed the former disco at 940 N. Rush St with over $2.5 million dollars in renovations, converting the iconic dance venue into 6,000 square feet of upscale retail space, reflecting a shift towards boutique shopping and capitalizing on the foot traffic generated by the nearby Bloomingdale's.

The North Side's DePaul neigh­borhood is gearing up for another boom. Already the city's hottest residential area for rehab and re­novation, it is now ripe for office redevelopment.

I’ve been studying the commercial retail real estate market lately and I see a few major trends that have me worried for a once booming sector. The amount of empty retail square footage on the market can either be looked at as a consequential market correction or an alarming trend, indicative of worsening economic conditions.