Lessons from the Last Boom

Lessons from the Last Boom August 25, 2009

Mary Fishman Fishman Studio

Tom Smith UIC Faculty Adjunct

NEAR SOUTH SIDE 1990: 6800 residents 2000: 9,509 residents 2008 estimate: 19,000 residents

New Home Sales (citywide) 1993: 951 2000: 5,483 2005: 7,526

source: Tracy Cross & Associates

CONVERTING STOREFRONTS TO HOUSING

700 miles retail

Geoff Goldberg

Geoff Goldberg Geoff Goldberg

Unit 1

Unit 2

B.R. 2 open

B.R. 1 open

Living Rm.

Unit 1

REZONING of vacant industrial land

Google Maps 2009 Tele Atlas

COMMERCIAL AND INDUSTRIAL LOFT CONVERSIONS

CHURCH CONVERSIONS

TEARDOWNS

Post height limit

Pre height limit

38’

R-4

TOWNHOUSES

©2009 Google Maps Tele Atlas

COMMERCIAL STRIPS

CORNERS

BOULEVARDS

THE BOOM ENDS

IF WE HAD ANOTHER HOUSING BOOM...

1957 ....

... 2004