Neighborhood Spotlight: McCormick Square


Overview:
Home to the largest convention center in North America (McCormick Place), McCormick Square is an expanding near-southside community currently experiencing a development boom. This area is the posterchild for transformation in Chicago, a city corridor that offers more than 2.6 million square feet of exhibition space. McCormick Square constitutes the plot of land surrounded by South Loop, Chinatown, the Prairie District and Bronzeville.

Evolving Factors:
Atop McCormick Place is SAVOR, the largest farm to fork rooftop garden in the Midwest. The new food and beverage provider offers a culinary experience unique to McCormick Square. Multiple hotel and retail developments are in various stages of development, including McHugh’s 466-room Marriot Marquis Hotel. And Wintrust Arena at McCormick Square (formerly named DePaul Arena) will seat 10,000 people when it opens this autumn.

Connectivity:
The Cermak-McCormick Green Line station is within walking distance of McCormick Square, while the Cermak-Chinatown Red Line stop is only a few blocks farther west. Plus, both the Stevenson Expressway and Lake Shore Drive are minutes away. Bus routes in the area include the 1, 4 and 29; and trains running on both the Metra Electric District and South Shore Line operate in the area.

Demographics:
According to information from Nielsen, the total population of McCormick Square is 6,252 people; 45 percent are men and 55 percent are women. The average household income is $59,449, and 87 percent of residents are employed. The area has a buying power of $122 million. The renting population is 75 percent.

Retail & Dining:
In terms of shopping and eating in the area, there are several great places near the Square. Chinatown is minutes to the southwest and offers classic Asian fare. The South Loop (which has a Farmers Market during various intervals throughout the year) has a diverse variety of restaurants and bars that can serve any craving. The Shops at Roosevelt Collection offers multiple restaurants and retail shops; the open-air development even has a movie theatre.

Culture of Education:
The nearby Museum Campus (Adler Planetarium, Shedd Aquarium and the Field Museum) offers informative entertainment throughout the year. Currently, Shedd has an amphibian exhibit with exotic salamanders and frogs; the Adler is playing a documentary on Pluto; and the Field Museum is exhibiting China’s first emperor and his terracotta warriors.

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McCormick Square Analysis