Quote:
Originally Posted by jcommin
Google is building a facility in the west loop of Chicago. The bought a vacant cold storage facility. It isn't open yet but the power of Google is changing the neighborhood. The CTA transit system is within walking distance. Google paid for a train stop so their employees have a very short walk. This neighborhood was the meat/fish wholesale district but many are leaving. They are getting premium prices for the real estate. What is going up are residences, restaurants, gyms, bars, etc. Was remains to come is retail and I'm sure it will. There was a beauty to the old neighborhood - the gentrification of the near west side is pushing out the old guard.
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There are a number of articles on what the tech sector (in particular, Google) has done to Silicon Valley and then San Francisco. The same thing is happening here in "Silicon Beach." Google just bought 13 acres adjacent to our building in Playa Vista.
Be afraid...be very afraid.